{"data":{"id":"us-sd/sdcl-57a-1-301","jurisdiction":"us-sd","citation":"SDCL § 57A-1-301","heading":"Territorial applicability--Parties' power to choose applicable law.","body":"(1) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties. Failing such agreement this title applies to transactions bearing an appropriate relation to this state.\n(2) Where one of the following provisions of this title specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law (including the conflict of laws rules) so specified:\nRights of creditors against sold goods. § 57A-2-402.\nApplicability of the chapter on leases. §§ 57A-2A-105 and 57A-2A-106.\nApplicability of the chapters on bank deposits and collections. § 57A-4-102.\nGoverning law in the chapter on funds transfers. § 57A-4A-507.\nLetters of Credit. § 57A-5-116.\nApplicability of the chapters on investment securities. § 57A-8-110.\nLaw governing perfection, the effect of perfection or nonperfection, and the priority of security interests and agricultural liens. §§ 57A-9-301 to 57A-9-307, inclusive.\nLaw governing controllable electronic records. § 57A-12-107.\nSource: SL 2008, ch 259, § 15; SL 2024, ch 198, § 4.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-1. GENERAL PROVISIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-1-301","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"ca202078e107112f07d41ac48c91d03efa7bd13839d7d7b011fbcd6a66331b10","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-1-207","next":"us-sd/sdcl-57a-1-302"},"notice":"GroundRules: Original legal text. Not legal advice."}