Title 57A — UNIFORM COMMERCIAL CODE
16 chapters · 675 sections in this title.
(4) "Value" has the meaning provided in § 57A-3-303 (a), as if references in that subsection to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible
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(b) The definitions in chapter 57A-9 of "account debtor," "controllable account," "controllable payment intangible," "chattel paper," "deposit account," "electronic money," and "investment property" apply to this chapter. (c) Chapter 57A-1 contains general definitions and princip…
SDCL § 57A-12-101 Short title
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This article may be cited as Uniform Commercial Code--Controllable Electronic Records. Source: SL 2024, ch 198 , § 93.
SDCL § 57A-12-103 Relation to chapter 57A-9 and consumer laws
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(a) If there is a conflict between this chapter and chapter 57A-9 , chapter 57A-9 governs. (b) A transaction subject to this chapter is subject to any applicable rule of law that establishes a different rule for consumers and to (i) title 51A and title 54 and (ii) chapter 37-23 .…
SDCL § 57A-12-104 Rights in controllable account, controllable electronic record, and controllable payment intangible
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(a) This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (c), (d), (e), (g), and (h) of a purchaser and qualifying purchaser, in the same manner this sectio…
Control of controllable electronic record
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(a) A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded: (1) Gives the person: (A) Power to avail itself of substantially…
SDCL § 57A-12-106 Discharge of account debtor on controllable account or controllable payment intangible
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(a) An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (1) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or (2) Except…
Governing law
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(a) Except as provided in subsection (b), the local law of a controllable electronic record's jurisdiction governs a matter covered by this chapter. (b) For a controllable electronic record that evidences a controllable account or controllable payment intangible, the local law of…