This chapter does not require a bank to enter into an agreement of the kind described in § 57A-9-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.
S.D. Codified Laws § 57A-9-342
Bank's right with respect to agreement giving secured party control of deposit account
Known as the Uniform Commercial Code
The act spans §§ 57–57 (574 sections).
Source: SL 2000, ch 231.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.