reglab/housing_qa huggingface dataset:
SD Codified L § 57A-7-309 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-309 - Duty of care--Contractual limitation of carrier's liability.

57A-7-309. Duty of care--Contractual limitation of carrier's liability.(a) A carrier that issues a bill of lading, whether negotiable or nonnegotiable, shall exercise the degree of care in relation to the goods which a reasonably careful person would exercise under similar circumstances. This subsection does not affect any statute, regulation, or rule of law that imposes liability upon a common carrier for damages not caused by its negligence.(b) Damages may be limited by a term in the bill of lading or in a transportation agreement that the carrier's liability may not exceed a value stated in the bill or transportation agreement if the carrier's rates are dependent upon value and the consignor is afforded an opportunity to declare a higher value and the consignor is advised of the opportunity. However, such a limitation is not effective with respect to the carrier's liability for conversion to its own use.(c) Reasonable provisions as to the time and manner of presenting claims and commencing actions based on the shipment may be included in a bill of lading or a transportation agreement. Source: SL 2009, ch 254, §7-309.
SD Codified L § 57A-7-401 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-401 - Irregularities in issue of receipt or bill or conduct of issuer.

57A-7-401. Irregularities in issue of receipt or bill or conduct of issuer.The obligations imposed by this chapter on an issuer apply to a document of title even if:(1)The document does not comply with the requirements of this chapter or of any other statute, rule, or regulation regarding its issue, form, or content;(2)The issuer violated laws regulating the conduct of its business;(3)The goods covered by the document were owned by the bailee when the document was issued; or(4)The person issuing the document is not a warehouse but the document purports to be a warehouse receipt. Source: SL 2009, ch 254, §7-401.
SD Codified L § 57A-7-404 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-404 - No liability for good-faith delivery pursuant to document of title.

57A-7-404. No liability for good-faith delivery pursuant to document of title.A bailee that in good faith has received goods and delivered or otherwise disposed of the goods according to the terms of a document of title or pursuant to this chapter is not liable for the goods even if:(1)The person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods; or(2)The person to which the bailee delivered the goods did not have authority to receive the goods. Source: SL 2009, ch 254, §7-404.
SD Codified L § 57A-7-501 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-501 - Form of negotiation and requirements of due negotiation.

57A-7-501. Form of negotiation and requirements of due negotiation.(a) The following rules apply to a negotiable tangible document of title:(1)If the document's original terms run to the order of a named person, the document is negotiated by the named person's indorsement and delivery. After the named person's indorsement in blank or to bearer, any person may negotiate the document by delivery alone.(2)If the document's original terms run to bearer, it is negotiated by delivery alone.(3)If the document's original terms run to the order of a named person and it is delivered to the named person, the effect is the same as if the document had been negotiated.(4)Negotiation of the document after it has been indorsed to a named person requires indorsement by the named person as well as delivery.(5)A document is duly negotiated if it is negotiated in the manner stated in this subsection to a holder that purchases it in good faith, without notice of any defense against or claim to it on the part of any person, and for value, unless it is established that the negotiation is not in the regular course of business or financing or involves receiving the document in settlement or payment of a monetary obligation.(b) The following rules apply to a negotiable electronic document of title:(1)If the document's original terms run to the order of a named person or to bearer, the document is negotiated by delivery of the document to another person. Indorsement by the named person is not required to negotiate the document.(2)If the document's original terms run to the order of a named person and the named person has control of the document, the effect is the same as if the document had been negotiated.(3)A document is duly negotiated if it is negotiated in the manner stated in this subsection to a holder that purchases it in good faith, without notice of any defense against or claim to it on the part of any person, and for value, unless it is established that the negotiation is not in the regular course of business or financing or involves taking delivery of the document in settlement or payment of a monetary obligation.(c) Indorsement of a nonnegotiable document of title neither makes it negotiable nor adds to the transferee's rights.(d) The naming in a negotiable bill of lading of a person to be notified of the arrival of the goods does not limit the negotiability of the bill or constitute notice to a purchaser of the bill of any interest of that person in the goods. Source: SL 2009, ch 254, §7-501.
SD Codified L § 57A-7-502 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-502 - Rights acquired by due negotiation.

57A-7-502. Rights acquired by due negotiation.(a) Subject to §§57A-7-205 and 57A-7-503, a holder to which a negotiable document of title has been duly negotiated acquires thereby:(1)Title to the document;(2)Title to the goods;(3)All rights accruing under the law of agency or estoppel, including rights to goods delivered to the bailee after the document was issued; and(4)The direct obligation of the issuer to hold or deliver the goods according to the terms of the document free of any defense or claim by the issuer except those arising under the terms of the document or under this chapter. In the case of a delivery order, the bailee's obligation accrues only upon the bailee's acceptance of the delivery order and the obligation acquired by the holder is that the issuer and any indorser will procure the acceptance of the bailee.(b) Subject to §57A-7-503, title and rights acquired by due negotiation are not defeated by any stoppage of the goods represented by the document of title or by surrender of the goods by the bailee and are not impaired even if:(1)The due negotiation or any prior due negotiation constituted a breach of duty;(2)Any person has been deprived of possession of a negotiable tangible document or control of a negotiable electronic document by misrepresentation, fraud, accident, mistake, duress, loss, theft, or conversion; or(3)A previous sale or other transfer of the goods or document has been made to a third person. Source: SL 2009, ch 254, §7-502.
SD Codified L § 57A-7-503 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-503 - Document of title to goods defeated in certain cases.

57A-7-503. Document of title to goods defeated in certain cases.(a) A document of title confers no right in goods against a person that before issuance of the document had a legal interest or a perfected security interest in the goods and that did not:(1)Deliver or entrust the goods or any document covering the goods to the bailor or the bailor's nominee with actual or apparent authority to ship, store, or sell; with power to obtain delivery under §57A-7-403; or with power of disposition under §57A-2-403, 57A-2A-304(2), 57A-2A-305(2), or 57A-9-320 or other statute or rule of law; or(2)Acquiesce in the procurement by the bailor or its nominee of any document.(b) Title to goods based upon an unaccepted delivery order is subject to the rights of any person to which a negotiable warehouse receipt or bill of lading covering the goods has been duly negotiated. That title may be defeated under §57A-7-504 to the same extent as the rights of the issuer or a transferee from the issuer.(c) Title to goods based upon a bill of lading issued to a freight forwarder is subject to the rights of any person to which a bill issued by the freight forwarder is duly negotiated. However, delivery by the carrier in accordance with §§57A-7-401 to 57A-7-404, inclusive, pursuant to its own bill of lading discharges the carrier's obligation to deliver. Source: SL 2009, ch 254, §7-503.
SD Codified L § 57A-7-504 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-504 - Rights acquired in absence of due negotiation--Effect of diversion--Stoppage of delivery.

57A-7-504. Rights acquired in absence of due negotiation--Effect of diversion--Stoppage of delivery.(a) A transferee of a document of title, whether negotiable or nonnegotiable, to which the document has been delivered but not duly negotiated, acquires the title and rights that its transferor had or had actual authority to convey.(b) In the case of a nonnegotiable document of title, until but not after the bailee receives notice of the transfer, the rights of the transferee may be defeated:(1)By those creditors of the transferor that could treat the transfer as void under §57A-2-402 or 57-2A-308;(2)By a buyer from the transferor in ordinary course of business if the bailee has delivered the goods to the buyer or received notification of the buyer's rights;(3)By a lessee from the transferor in ordinary course of business if the bailee has delivered the goods to the lessee or received notification of the lessee's rights; or(4)As against the bailee, by good faith dealings of the bailee with the transferor.(c) A diversion or other change of shipping instructions by the consignor in a nonnegotiable bill of lading which causes the bailee not to deliver the goods to the consignee defeats the consignee's title to the goods if the goods have been delivered to a buyer in ordinary course of business or a lessee in ordinary course of business and in any event defeats the consignee's rights against the bailee.(d) Delivery of the goods pursuant to a nonnegotiable document of title may be stopped by a seller under §57A-2-705 or a lessor under §57A-2A-526, subject to the requirements of due notification in those sections. A bailee honoring the seller's or lessor's instructions is entitled to be indemnified by the seller or lessor against any resulting loss or expense. Source: SL 2009, ch 254, §7-504.
SD Codified L § 57A-7-505 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-505 - Indorser not guarantor for other parties.

57A-7-505. Indorser not guarantor for other parties.The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous indorsers. Source: SL 2009, ch 254, §7-505.
SD Codified L § 57A-7-506 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-506 - Delivery without indorsement--Right to compel indorsement.

57A-7-506. Delivery without indorsement--Right to compel indorsement.The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary indorsement, but the transfer becomes a negotiation only as of the time the indorsement is supplied. Source: SL 2009, ch 254, §7-506.
SD Codified L § 57A-7-507 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-507 - Warranties on negotiation or delivery of document of title.

57A-7-507. Warranties on negotiation or delivery of document of title.If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under §57A-7-508, unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods that:(1)The document is genuine;(2)The transferor does not have knowledge of any fact that would impair the document's validity or worth; and(3)The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents. Source: SL 2009, ch 254, §7-507.
SD Codified L § 57A-7-508 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-508 - Warranties of collecting bank as to documents of title.

57A-7-508. Warranties of collecting bank as to documents of title.A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected. Source: SL 2009, ch 254, §7-508.
SD Codified L § 57A-7-509 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-509 - Adequate compliance with commercial contract.

57A-7-509. Adequate compliance with commercial contract.Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by chapter 57A-2, 57A-2A, or 57A-5. Source: SL 2009, ch 254, §7-509.
SD Codified L § 57A-7-601 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-601 - Lost, stolen, or destroyed documents of title.

57A-7-601. Lost, stolen, or destroyed documents of title.(a) If a document of title is lost, stolen, or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liability to any person comply with the order. If the document was negotiable, a court may not order delivery of the goods or issuance of a substitute document without the claimant's posting security unless it finds that any person that may suffer loss as a result of nonsurrender of possession or control of the document is adequately protected against the loss. If the document was nonnegotiable, the court may require security. The court may also order payment of the bailee's reasonable costs and attorney's fees in any action under this subsection.(b) A bailee that without court order delivers goods to a person claiming under a missing negotiable document of title is liable to any person injured thereby. If the delivery is not in good faith, the bailee is liable for conversion. Delivery in good faith is not conversion if the claimant posts security with the bailee in an amount at least double the value of the goods at the time of posting to indemnify any person injured by the delivery which files a notice of claim within one year after the delivery. Source: SL 2009, ch 254, §7-601.
SD Codified L § 57A-7-602 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-602 - Judicial process against goods covered by negotiable document of title.

57A-7-602. Judicial process against goods covered by negotiable document of title.Unless a document of title was originally issued upon delivery of the goods by a person that did not have power to dispose of them, a lien does not attach by virtue of any judicial process to goods in the possession of a bailee for which a negotiable document of title is outstanding unless possession or control of the document is first surrendered to the bailee or the document's negotiation is enjoined. The bailee may not be compelled to deliver the goods pursuant to process until possession or control of the document is surrendered to the bailee or to the court. A purchaser of the document for value without notice of the process or injunction takes free of the lien imposed by judicial process. Source: SL 2009, ch 254, §7-602.
SD Codified L § 57A-7-603 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-603 - Conflicting claims--Interpleader.

57A-7-603. Conflicting claims--Interpleader.If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action. Source: SL 2009, ch 254, §7-603.
SD Codified L § 57A-7-701 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-701 - Applicability.

57A-7-701. Applicability.This chapter applies to a document of title that is issued or a bailment that arises on or after July 1, 2009. This chapter does not apply to a document of title that is issued or a bailment that arises before July 1, 2009 even if the document of title or bailment would be subject to this chapter if the document of title had been issued or bailment had arisen after July 1, 2009. This chapter does not apply to a right of action that has accrued before July 1, 2009. Source: SL 2009, ch 254, §7-703.
SD Codified L § 57A-7-702 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 07 - Documents Of Title|Section 57A-7-702 - Savings clause.

57A-7-702. Savings clause.A document of title issued or a bailment that arises before July 1, 2009 and the rights, obligations, and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by SL 2009, ch 254 as if amendment or repeal had not occurred and may be terminated, completed, consummated, or enforced under that statute or other rule. Source: SL 2009, ch 254, §7-704.
SD Codified L § 57A-8-101 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 08 - Investment Securities|Section 57A-8-101 - Short title.

57A-8-101. Short title.This chapter may be cited as Uniform Commercial Code--Investment Securities. Source: SL 1998, ch 284, §1.
SD Codified L § 57A-8-103 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 08 - Investment Securities|Section 57A-8-103 - Rules for determining whether certain obligations and interests are securities or financial assets.

57A-8-103. Rules for determining whether certain obligations and interests are securities or financial assets.In this chapter:(a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.(b) An "investment company security" is a security. "Investment company security" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.(c) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this chapter, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.(d) A writing that is a security certificate is governed by this chapter and not by chapter 57A-3, even though it also meets the requirements of that chapter. However, a negotiable instrument governed by chapter 57A-3 is a financial asset if it is held in a securities account.(e) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.(f) A commodity contract, as defined in §57A-9-102(a)(15), is not a security or a financial asset;(g) A document of title, as defined in subdivision 57A-1-201(16), is not a financial asset unless §57A-8-102(a)(9)(iii) applies. Source: SL 1998, ch 284, §1; SL 2000, ch 231, §14; SL 2009, ch 254, §823.
SD Codified L § 57A-8-104 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 08 - Investment Securities|Section 57A-8-104 - Acquisition of security or financial asset or interest therein.

57A-8-104. Acquisition of security or financial asset or interest therein.(a)A person acquires a security or an interest therein, under this chapter, if:(1)The person is a purchaser to whom a security is delivered pursuant to §57A-8-301; or(2)The person acquires a security entitlement to the security pursuant to §57A-8-501.(b)A person acquires a financial asset, other than a security, or an interest therein, under this chapter, if the person acquires a security entitlement to the financial asset.(c)A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in §57A-8-503.(d)Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (a) or (b). Source: SL 1998, ch 284, §1.