reglab/housing_qa huggingface dataset:
SD Codified L § 57A-9-505 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-505 - Filing by bailor of goods, licensor, or buyer of payment intangible or promissory note.

57A-9-505. Filing by bailor of goods, licensor, or buyer of payment intangible or promissory note.(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in §57A-9-311(a), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of similar import, instead of the terms "secured party" and "debtor".(b) This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under §57A-9-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance. Source: SL 2000, ch 231.
SD Codified L § 57A-9-506 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-506 - Substantial compliance with requirements.

57A-9-506. Substantial compliance with requirements.(a) A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.(b) Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with §57A-9-503(a) is seriously misleading.(c) If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with §57A-9-503(a), the name provided does not make the financing statement seriously misleading.(d) For purposes of §57A-9-508(b), the "debtor's correct name" in subsection (c) means the correct name of the new debtor. Source: SL 2000, ch 231.
SD Codified L § 57A-9-507 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-507 - Continuing effectiveness of filed financing statement.

57A-9-507. Continuing effectiveness of filed financing statement.(a) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.(b) Except as otherwise provided in subsection (c) and §57A-9-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under §57A-9-506.(c) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under §57A-9-503(a) so that the financing statement becomes seriously misleading under §57A-9-506:(1)The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and(2)The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after that event. Source: SL 2000, ch 231; SL 2012, ch 238, §12, eff. July 1, 2013.
SD Codified L § 57A-9-508 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-508 - Effect of new debtor's rights in collateral.

57A-9-508. Effect of new debtor's rights in collateral.(a) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.(b) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be seriously misleading under §57A-9-506:(1)The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under §57A-9-203(d); and(2)The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under §57A-9-203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.(c) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under §57A-9-507(a). Source: SL 2000, ch 231.
SD Codified L § 57A-9-509 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-509 - Authority to file financing statement or amendment adding collateral or debtor.

57A-9-509. Authority to file financing statement or amendment adding collateral or debtor.(a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:(1)The debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c); or(2)The person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.(b) By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:(1)The collateral described in the security agreement; and(2)Property that becomes collateral under §57A-9-315(a)(2), whether or not the security agreement expressly covers proceeds.(c) By acquiring collateral in which a security interest or agricultural lien continues under §57A-9-315(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under §57A-9-315(a)(2).(d) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if:(1)The secured party of record authorizes the filing; or(2)The amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by §57A-9-513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed.(e) If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under subsection (d). Source: SL 2000, ch 231.
SD Codified L § 57A-9-510 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-510 - Effectiveness of filed record.

57A-9-510. Effectiveness of filed record.(a) A filed record is effective only to the extent that it was filed by a person that may file it under §57A-9-509.(b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.(c) A continuation statement that is not filed within the period prescribed by §57A-9-515(d) is ineffective. Source: SL 2000, ch 231.
SD Codified L § 57A-9-511 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-511 - Person constituting secured party of record.

57A-9-511. Person constituting secured party of record.(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under 57A-9-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.(b) If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under §57A-9-514(b), the assignee named in the amendment is a secured party of record.(c) A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person. Source: SL 2000, ch 231.
SD Codified L § 57A-9-512 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-512 - Procedure for amending financing statement--Effectiveness.

57A-9-512. Procedure for amending financing statement--Effectiveness.(a) Subject to §57A-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend the information provided in, a financing statement by filing an amendment that:(1)Identifies, by its file number, the initial financing statement to which the amendment relates and either the social security number or internal revenue service taxpayer identification number of the debtor; and(2)If the amendment relates to an initial financing statement filed or recorded in a filing office described in §57A-9-501(a)(1), provides the date and time that the initial financing statement was filed or recorded and the information specified in §57A-9-502(b).(b) Except as otherwise provided in §57A-9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.(c) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.(d) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of filing of the amendment.(e) An amendment is ineffective to the extent it:(1)Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or(2)Purports to delete all secured parties of record and fails to provide the name of a new secured party of record. Source: SL 2000, ch 231.
SD Codified L § 57A-9-513 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-513 - Termination statement.

57A-9-513. Termination statement.(a) A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:(1)There is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or(2)The debtor did not authorize the filing of the initial financing statement.(b) To comply with subsection (a), a secured party shall cause the secured party of record to file the termination statement:(1)Within one month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or(2)If earlier, within twenty days after the secured party receives an authenticated demand from a debtor.(c) In cases not governed by subsection (a), within twenty days after a secured party receives an authenticated demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:(1)Except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;(2)The financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;(3)The financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or(4)The debtor did not authorize the filing of the initial financing statement.(d) Except as otherwise provided in §57A-9-510, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in §57A-9-510, for purposes of §§57A-9-519(g), 57A-9-522(a), and 57A-9-523(c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse. Source: SL 2000, ch 231.
SD Codified L § 57A-9-514 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-514 - Assignment of secured party's power to authorize amendment--Assignment of record of security's interest in fixture.

57A-9-514. Assignment of secured party's power to authorize amendment--Assignment of record of security's interest in fixture.(a) Except as otherwise provided in subsection (c), an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.(b) Except as otherwise provided in subsection (c), a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement which:(1)Identifies, by its file number, the initial financing statement to which it relates;(2)Provides the name of the assignor; and(3)Provides the name and mailing address of the assignee.(c) An assignment of record of a security interest in a fixture covered by a record of a mortgage which is effective as a financing statement filed as a fixture filing under §57A-9-502(c) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than the Uniform Commercial Code. Source: SL 2000, ch 231.
SD Codified L § 57A-9-517 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-517 - Effect of incorrect indexing of record.

57A-9-517. Effect of incorrect indexing of record.The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record. Source: SL 2000, ch 231.
SD Codified L § 57A-9-518 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-518 - Information statement regarding record.

57A-9-518. Information statement regarding record.(a) A person may file in the filing office an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed.(b) An information statement under subsection (a) must:(1)Identify the record to which it relates by:(A)The file number assigned to the initial financing statement to which the record relates; and(B)If the information statement relates to a record filed or recorded in a filing office described in §57A-9-501(a)(1), the date and time that the initial financing statement was filed or recorded and the information specified in §57A-9-502(b);(2)Indicate that it is an information statement; and(3)Provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.(c) A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under §57A-9-509(d).(d) An information statement under subsection (c) must:(1)Identify the record to which it relates by:(A)The file number assigned to the initial financing statement to which the record relates; and(B)If the statement relates to a record filed or recorded in a filing office described in §57A-9-501(a)(1), the date and time that the initial financing statement was filed or recorded and the information specified in §57A-9-502(b);(2)Indicate that it is an information statement; and(3)Provide the basis for the person's belief that the person that filed the record was not entitled to do so under §57A-9-509(d).(e) The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record. Source: SL 2000, ch 231; SL 2012, ch 238, §15, eff. July 1, 2013.
SD Codified L § 57A-9-520 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-520 - Refusal by filing office to accept record.

57A-9-520. Refusal by filing office to accept record.(a) A filing office shall refuse to accept a record for filing for a reason set forth in §57A-9-516(b) and may refuse to accept a record for filing only for a reason set forth in §57A-9-516(b).(b) If a filing office refuses to accept a record for filing, it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made at the time and in the manner prescribed by filing-office rule but, in the case of a filing office described in §57A-9-501(a)(2), in no event more than two business days after the filing office receives the record.(c) A filed financing statement satisfying §57A-9-502(a) and (b) is effective, even if the filing office is required to refuse to accept it for filing under subsection (a). However, §57A-9-338 applies to a filed financing statement providing information described in §57A-9-516(b)(5) which is incorrect at the time the financing statement is filed.(d) If a record communicated to a filing office provides information that relates to more than one debtor, this part applies as to each debtor separately. Source: SL 2000, ch 231.
SD Codified L § 57A-9-521 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-521 - Forms for financing statement, amendment to statement, and addendum for either.

57A-9-521. Forms for financing statement, amendment to statement, and addendum for either.(a) A filing office that accepts written records may not refuse to accept a written initial financing statement in the following form and format except for a reason set forth in §57A-9-516(b).(b) A filing office that accepts written records may not refuse to accept a written record in the following form and format except for a reason set forth in §57A-9-516(b). Source: SL 2000, ch 231; SL 2012, ch 238, §16, eff. July 1, 2013.
SD Codified L § 57A-9-522 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-522 - Required retention of information from financing statement--Destruction of written record.

57A-9-522. Required retention of information from financing statement--Destruction of written record.(a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under §57A-9-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:(1)If the record was filed or recorded in the filing office described in §57A-9-501(a)(1), by using the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed or recorded; or(2)If the record was filed in the filing office described in §57A-9-501(a)(2), by using the file number assigned to the initial financing statement to which the record relates.(b) Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with subsection (a). Source: SL 2000, ch 231.
SD Codified L § 57A-9-524 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 09 - Secured Transactions|Section 57A-9-524 - Excuses for filing office failure to meet time limits.

57A-9-524. Excuses for filing office failure to meet time limits.Delay by the filing office beyond a time limit prescribed by this part is excused if:(1)The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and(2)The filing office exercises reasonable diligence under the circumstances. Source: SL 2000, ch 231.