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§ 57A-9-804 Security interest unperfected before effective date.

SD Codified L § 57A-9-804 (2019) (N/A)
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57A-9-804. Security interest unperfected before effective date. A security interest that is an unperfected security interest immediately before July 1, 2013 becomes a perfected security interest:

(1) Without further action, on July 1, 2013 if the applicable requirements for perfection under chapter-57A-9 as amended by SL 2012, ch 238 are satisfied before or at that time; or

(2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.Source: SL 2012, ch 238, § 9-804, eff. July 1, 2013.

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