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2012 South Dakota Codified Laws
Title 47 CORPORATIONS
Chapter 09A. Corporate Farming Restrictions
§47-9A-6 Encumbrance taken for security exempt.


SD Codified L § 47-9A-6 (through 2012) What's This?


47-9A-6. Encumbrance taken for security exempt. The restrictions provided in §§ 47-9A-1 and 47-9A-3 do not apply to a bona fide encumbrance taken for purposes of security.

Source: SL 1974, ch 294, § 4 (1); SL 2004, ch 277, § 4.

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