53-12-40.'Transferable record' defined.For purposes of this chapter, the term, transferable record, means an electronic record that:(1)Would be a note under Article 3 of the Uniform Commercial Code or a document under Article 7 of the Uniform Commercial Code if the electronic record were in writing; and(2)The issuer of the electronic record expressly has agreed is a transferable record. Source: SL 2000, ch 225, §40. 53-12-40.'Transferable record' defined.For purposes of this chapter, the term, transferable record, means an electronic record that:(1)Would be a note under Article 3 of the Uniform Commercial Code or a document under Article 7 of the Uniform Commercial Code if the electronic record were in writing; and(2)The issuer of the electronic record expressly has agreed is a transferable record. Source: SL 2000, ch 225, §40.
South Dakota Legal Code