S.D. Codified Laws § 57A-13-303

Current through the 2024 Legislative Session
Section 57A-13-303 - Security interest unperfected before effective date

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 amended by SL 2024, ch 198, on July 1, 2024, or before the adjustment date; and
(3) Becomes perfected:
(A) Without further action, on July 1, 2024, if the requirements for perfection under SL 2024, ch 198 are satisfied before or at that time; or
(B) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

SDCL 57A-13-303

SL 2024, ch 198, §106.
Added by S.L. 2024, ch. 198,s. 106, eff. 7/1/2024.