South Dakota § 57A-9-806 - When initial financing statement suffices to continue effectiveness of financing statement.
Full text of South Dakota South Dakota Codified Laws § 57A-9-806 — When initial financing statement suffices to continue effectiveness of financing statement., with citation guidance and answers to common questions.
§ 57A-9-806. When initial financing statement suffices to continue effectiveness of financing statement.
(a) The filing of an initial financing statement in the office specified in § 57A-9-501 continues the effectiveness of a financing statement filed before July 1, 2013 if:
(1) The filing of an initial financing statement in that office would be effective to perfect a security interest under chapter 57A-9 as amended by SL 2012, ch 238;
(2) The pre-effective-date financing statement was filed in an office in another state; and
(3) The initial financing statement satisfies subsection (c).
(b) The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:
(1) If the initial financing statement is filed before July 1, 2013, for the period provided in unamended § 57A-9-515 as found prior to July 1, 2013, with respect to an initial financing statement; and
(2) If the initial financing statement is filed after SL 2012, ch 238 takes effect, for the period provided in § 57A-9-515 as amended by SL 2012, ch 238 with respect to an initial financing statement.
(c) To be effective for purposes of subsection (a), an initial financing statement must:
(1) Satisfy the requirements of §§ 57A-9-501 to 57A-9-530, inclusive, as amended by SL 2012, ch 238 for an initial financing statement;
(2) Identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
(3) Indicate that the pre-effective-date financing statement remains effective.
Source: SL 2012, ch 238, § 9-806, eff. July 1, 2013.
Frequently Asked Questions About South Dakota § 57A-9-806
What does South Dakota Codified Laws § 57A-9-806 cover?
Section 57A-9-806 ("When initial financing statement suffices to continue effectiveness of financing statement.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 57A-9-806?
A common citation format is "South Dakota Codified Laws § 57A-9-806" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 57A-9-806 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.