When possession by or delivery to secured party perfects security interest without filing

SDCL § 57A-9-313 — under SECURED TRANSACTIONS.

SDCL § 57A-9-313

(a) Except as otherwise provided in subsection (b), a secured party may perfect a security interest in goods, instruments, negotiable tangible documents, or tangible money by taking possession of the collateral. A secured party may perfect a security interest in certificated securities by taking delivery of the certificated securities under §