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§ 57a-9-803 — South Dakota Law | CourtGPT
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South Dakota Legal Code

§ 57a-9-803

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57A-9-803. Security interest perfected before effective date.(a) A security interest that is a perfected security interest immediately before July 1, 2013 is a perfected security interest under chapter 57A-9 as amended by SL 2012, ch 238 if, on July 1, 2013, the applicable requirements for attachment and perfection under chapter 57A-9 as amended by SL 2012, ch 238 are satisfied without further action.(b) Except as otherwise provided in §57A-9-805, if, immediately before July 1, 2013, a security interest is a perfected security interest, but the applicable requirements for perfection under chapter 57A-9 as amended by SL 2012, ch 238 are not satisfied on July 1, 2013, the security interest remains perfected thereafter only if the applicable requirements for perfection under chapter 57A-9 as amended by SL 2012, ch 238 are satisfied within one year after July 1, 2013. Source: SL 2012, ch 238, §9-803, eff. July 1, 2013.