{"data":{"id":"us-sd/sdcl-57a-9-104","jurisdiction":"us-sd","citation":"SDCL § 57A-9-104","heading":"Control of deposit account.","body":"(a) A secured party has control of a deposit account if:\n(1) The secured party is the bank with which the deposit account is maintained;\n(2) The debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor;\n(3) The secured party becomes the bank's customer with respect to the deposit account; or\n(4) Another person, other than the debtor:\n(A) Has control of the deposit account and acknowledges that it has control on behalf of the secured party; or\n(B) Obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.\n(b) A secured party that has satisfied subsection (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.\nSource: SL 2000, ch 231; SL 2024, ch 198, § 44.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-9. SECURED TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-9-104","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"e18f9afb346416acbd315fd4673f73988948bc6199b72a2efdedf5b4be540dfe","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-9-103","next":"us-sd/sdcl-57a-9-105"},"notice":"GroundRules: Original legal text. Not legal advice."}