57A-9-310. When filing required to perfect security interest or agricultural lien--Security interests and agricultural liens to which filing provisions do not apply.(a) Except as otherwise provided in subsection (b) and §57A-9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.(b) The filing of a financing statement is not necessary to perfect a security interest:(1)That is perfected under §57A-9-308(d), (e), (f), or (g);(2)That is perfected under §57A-9-309 when it attaches;(3)In property subject to a statute, regulation, or treaty described in §57A-9-311(a);(4)In goods in possession of a bailee which is perfected under §57A-9-312(d)(1) or (2);(5)In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under §57A-9-312(e), (f), or (g);(6)In collateral in the secured party's possession under §57A-9-313;(7)In a certificated security which is perfected by delivery of the security certificate to the secured party under §57A-9-313;(8)In controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, investment property, or he security certificate to the secured party under §57A-9-313;(8)In controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, investment property, or letter-of-credit rights which is perfected by control under §57A-9-314;(8.1)In chattel paper which is perfected by possession and control under §57A-9-314.1;(9)In proceeds which is perfected under §57A-9-315;(10)That is perfected under §57A-9-316; or(11)Subject to §§49-34-11 to 49-34-11.4, inclusive.(c) If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor. Source: SL 2000, ch 231; SL 2009, ch 254, §830; SL 2024, ch 198, §60.
South Dakota Legal Code