S.D. Codified Laws § 57A-9-NEW

Current with legislation signed by the governor on or before 3/6/2024
Section 57A-9-NEW - [Newly enacted section not yet numbered] [Effective 7/1/2024]
(a) Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction specified in section 98 of this Act governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.
(b) The local law of the jurisdiction in which the debtor is located governs:
(1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
(2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

SDCL 57A-9-NEW

Added by S.L. 2024, ch. TBD,s. 59, eff. 7/1/2024.