Title 57A — UNIFORM COMMERCIAL CODE
16 chapters · 675 sections in this title.
SDCL 57A-12-102
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"Controllable payment intangible." §
SDCL § 57A-13-101 Short title
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This chapter may be cited as Transitional Provisions for Uniform Commercial Code Amendments (2022). Source: SL 2024, ch 198 , § 101.
SDCL § 57A-13-102 Definitions
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(a) In this chapter: (1) "Adjustment date" means July 1, 2025, or the date that is one year after July 1, 2024, whichever is later. (2) "Article 12" means Article 12 of the Uniform Commercial Code as adopted under chapter 57A-12 . (3) "Article 12 property" means a controllable ac…
SDCL § 57A-13-201 Saving clause
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Except as provided in Part 3, a transaction validly entered into before July 1, 2024, and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than t…
SDCL § 57A-13-301 Saving clause application
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(a) Except as provided in this section, chapter 57A-9 as amended by SL 2024, ch 198 and chapter 57A-12 , apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before July 1, 2024. (b) Except …
SDCL § 57A-13-302 Security interest perfected before effective date
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(a) A security interest that is enforceable and perfected immediately before July 1, 2024, is a perfected security interest under SL 2024, ch 198 if, on July 1, 2024, the requirements for enforceability and perfection under SL 2024, ch 198 are satisfied without further action. (b…
SDCL § 57A-13-303 Security interest unperfected before effective date
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A security interest that is enforceable immediately before July 1, 2024, but is unperfected at that time: (1) Remains an enforceable security interest until the adjustment date; (2) Remains enforceable thereafter if the security interest become enforceable under § 57A-9-203 , as …
SDCL § 57A-13-304 Effectiveness of actions taken before effective date
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(a) If action, other than the filing of a financing statement, is taken before July 1, 2024, and the action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2024, the action is effective to perfect a security i…
SDCL § 57A-13-305 Priority
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(a) Subject to subsections (b) and (c), SL 2024, ch 198 determines the priority of conflicting claims to collateral. (b) Subject to subsection (c), if the priorities of claims to collateral were established before July 1, 2024, chapter 57A-9 as in effect before July 1, 2024, dete…
SDCL § 57A-13-306 Priority of claims when priority rules of chapter 57A-9 do not apply
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(a) Subject to subsection (b) and (c), chapter 57A-12 determines the priority of conflicting claims to Article 12 property when the priority rules of chapter 57A-9 as amended by SL 2024, ch 198 do not apply. (b) Subject to subsection (c), when the priority rules of chapter 57A-9 …
SDCL 57A-9-102
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"Controllable electronic record." §