Sufficiency of description of collateral
Known as the Uniform Commercial Code
The act spans §§ 57A-1-101 to 57A-9-809 (574 sections).
Applied in 1 court decision — leading case Grynberg Exploration Corp. v. Puckett (2004)
Most recently applied in Grynberg Exploration Corp. v. Puckett (June 2004)
Source: SL 2000, ch 231.
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) A description of the collateral pursuant to § 57A-9-108; or
(2) An indication that the financing statement covers all assets or all personal property.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.