2013 South Dakota Codified Laws
Title 57A - UNIFORM COMMERCIAL CODE
Chapter 09 - Secured Transactions
§ 57A-9-310 Requirement that financing statement be filed to perfect securityinterest or agricultural lien--Exceptions.

57A-9-310. Requirement that financing statement be filed to perfect security interest or agricultural lien--Exceptions. (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 deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under § 57A-9-314;

(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.