{"data":{"id":"us-sd/sdcl-53-12-43","jurisdiction":"us-sd","citation":"SDCL § 53-12-43","heading":"Person having control of transferable record is holder with same rights and defenses as holder of equivalent record.","body":"Except as otherwise agreed, a person having control of a transferable record is the holder, as defined in subdivision 57A-1-201(20), of the transferable record and has the same rights and defenses as a holder of an equivalent record or writing under the Uniform Commercial Code, including, if the applicable statutory requirements under § 57A-3-302(a), 57A-7-501, or 57A-9-308 are satisfied, the rights and defenses of a holder in due course, a holder to which a negotiable document of title has been duly negotiated, or a purchaser, respectively. Delivery, possession, and indorsement are not required to obtain or exercise any of the rights under this section.","path":["TITLE 53. CONTRACTS","CHAPTER 53-12. ELECTRONIC TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/53-12-43","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"91a24d331d595aa536b30f4610c03b2fa09b2fd783a6406f9a66455bec2cad76","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-53-12-42","next":"us-sd/sdcl-53-12-44"},"notice":"GroundRules: Original legal text. Not legal advice."}