There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 51A BANKS AND BANKING
Chapter 12. Bank Loans
§51A-12-16 Security interests authorized.
SD Codified L § 51A-12-16 (through 2011) What's This?
51A-12-16. Security interests authorized. A credit agreement, or any agreement executed in connection therewith, may provide for the creation of a security interest in any personal or real property, including any goods under such agreement, to secure payment of a debtor's outstanding indebtedness under such agreement.
Source: SL 1983, ch 359, § 1; SDCL, § 51-24-17.
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