Security interests authorized

SDCL § 51A-12-16 — under BANK LOANS.

SDCL § 51A-12-16

A credit agreement, or any agreement executed in connection therewith, may provide for the creation of a security interest in any personal or real property, including any goods under such agreement, to secure payment of a debtor's outstanding indebtedness under such agreement. Source: SL 1983, ch 359 , § 1; SDCL, § 51-24-17.