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S.D. Codified Laws § 57A-9-341

Bank's rights and duties with respect to deposit account

Known as the Uniform Commercial Code

The act spans §§ 57–57 (574 sections).

Source: SL 2000, ch 231; SL 2024, ch 198, § 74.

Except as otherwise provided in § 57A-9-340(c), and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:

(1) The creation, attachment, or perfection of a security interest in the deposit account;

(2) The bank's knowledge of the security interest; or

(3) The bank's receipt of instructions from the secured party.

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