<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-9-110 - Provisions governing security interests arising under other sections. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073652Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073652SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073652CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073652Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073652DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073652Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073652000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073652SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073652SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073652Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-110"><span class="s2073652SENU">57A-9-110</span></a><span xml:space="preserve" class="s2073652SENU">. </span><span class="s2073652CL">Provisions governing security interests arising under other sections.</span></p><p dir="ltr" class="s2073652Normal-000000"><span xml:space="preserve" class="s2073652DefaultParagraphFont">A security interest arising under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-401"><span class="s2073652DefaultParagraphFont">57A-2-401</span></a><span xml:space="preserve" class="s2073652DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-505"><span class="s2073652DefaultParagraphFont">57A-2-505</span></a><span class="s2073652DefaultParagraphFont">, 57A-2-711(3), or 57A-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:</span></p><p dir="ltr" class="s2073652Normal-000001"><span class="s2073652DefaultParagraphFont">(1)    The security interest is enforceable, even if § 57A-9-203(b)(3) has not been satisfied;</span></p><p dir="ltr" class="s2073652Normal-000001"><span class="s2073652DefaultParagraphFont">(2)    Filing is not required to perfect the security interest;</span></p><p dir="ltr" class="s2073652Normal-000001"><span xml:space="preserve" class="s2073652DefaultParagraphFont">(3)    The rights of the secured party after default by the debtor are governed by chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2"><span class="s2073652DefaultParagraphFont">57A-2</span></a><span xml:space="preserve" class="s2073652DefaultParagraphFont"> or </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A"><span class="s2073652DefaultParagraphFont">57A-2A</span></a><span class="s2073652DefaultParagraphFont">; and</span></p><p dir="ltr" class="s2073652Normal-000001"><span class="s2073652DefaultParagraphFont">(4)    The security interest has priority over a conflicting security interest created by the debtor.</span></p><p dir="ltr" class="s2073652Normal"><span xml:space="preserve" class="s2073652000002"> </span></p><p dir="ltr" class="s2073652Normal"><span class="s2073652SCL">Source:</span><span xml:space="preserve" class="s2073652SCL-000003"> SL 2000, ch 231.</span></p></div></body></html>