South Dakota Codified Laws 49-34-11.2. Perfection of security interest in personal property or fixtures of public utility–Filingrequirements and effectiveness
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Notwithstanding §§ 57A-9-302, 57A-9-401, 57A-9-402, and 57A-9-403, all filings required under the uniform commercial code in order to perfect a security interest against the personal property or fixtures of a debtor public utility shall be made and maintained in the Office of the Secretary of State. If the financing statement covers goods of a debtor public utility which are or are to become fixtures, no description of the real estate or the name of the record owner thereof is required. Filing of a financing statement against the property of a debtor public utility is effective until released or terminated.
Terms Used In South Dakota Codified Laws 49-34-11.2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
Source: SL 1989, ch 402, § 3.