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S.D. Codified Laws § 57A-13-303

Security interest unperfected before effective date

Known as the Transitional Provisions for Uniform Commercial Code

The act spans §§ 57A-13-101 to 57A-13-306 (9 sections).

Source: SL 2024, ch 198, § 106.

A security interest that is enforceable immediately before July 1, 2024, but is unperfected at that time:

(1) Remains an enforceable security interest until the adjustment date;

(2) Remains enforceable thereafter if the security interest become enforceable under § 57A-9-203, as amended by SL 2024, ch 198, on July 1, 2024, or before the adjustment date; and

(3) Becomes perfected:

(A) Without further action, on July 1, 2024, if the requirements for perfection under SL 2024, ch 198 are satisfied before or at that time; or

(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.