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State of South Dakota
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SEVENTY-SEVENTH
SESSION
LEGISLATIVE ASSEMBLY, 2002 |
| 528H0301 |
HOUSE BILL
NO.
1151
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Introduced by:
Representatives Broderick, Bartling, and Pederson (Gordon) and Senators
Munson, Bogue, Diedrich (Larry), and McCracken
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FOR AN ACT ENTITLED, An Act to
require the secretary of state to conduct a pilot program
granting certain secured parties the ability to file and record a financing statement for security
interest on agricultural lien and to provide rule-making authority to implement the pilot
program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The secretary of state shall conduct a pilot program granting a secured party the access to allow the secured party to file and record the secured party's liens pursuant to § 57A-9- 501 through the state's computer system. The secretary shall determine the procedure and the parameters on how the pilot program shall be implemented and select the lenders to participate in the pilot program. The secretary may promulgate rules, pursuant to chapter 1-26, concerning the procedure for providing a secured party access to, adequate security for, and confidentiality of any public records related to the secured party's liens listed on the state's computer system.
Section 2. The provisions of this Act are repealed on July 1, 2004.
350 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated byoverstrikes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The secretary of state shall conduct a pilot program granting a secured party the access to allow the secured party to file and record the secured party's liens pursuant to § 57A-9- 501 through the state's computer system. The secretary shall determine the procedure and the parameters on how the pilot program shall be implemented and select the lenders to participate in the pilot program. The secretary may promulgate rules, pursuant to chapter 1-26, concerning the procedure for providing a secured party access to, adequate security for, and confidentiality of any public records related to the secured party's liens listed on the state's computer system.
Section 2. The provisions of this Act are repealed on July 1, 2004.
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by
