{"data":{"id":"us-sd/sdcl-57a-9-611","jurisdiction":"us-sd","citation":"SDCL § 57A-9-611","heading":"\"Notification date\"--Notification of disposition of collateral.","body":"(a) In this section, \"notification date\" means the earlier of the date on which:\n(1) A secured party sends to the debtor and any secondary obligor a signed notification of disposition; or\n(2) The debtor and any secondary obligor waive the right to notification.\n(b) Except as otherwise provided in subsection (d), a secured party that disposes of collateral under § 57A-9-610 shall send to the persons specified in subsection (c) a reasonable signed notification of disposition.\n(c) To comply with subsection (b), the secured party shall send a signed notification of disposition to:\n(1) The debtor;\n(2) Any secondary obligor; and\n(3) If the collateral is other than consumer goods:\n(A) Any other person from which the secured party has received, before the notification date, a signed notification of a claim of an interest in the collateral;\n(B) Any other secured party or lienholder that, ten days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:\n(i) Identified the collateral;\n(ii) Was indexed under the debtor's name as of that date; and\n(iii) Was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and\n(C) Any other secured party that, ten days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in § 57A-9-311(a).\n(d) Subsection (b) does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.\n(e) A secured party complies with the requirement for notification prescribed by subsection (c)(3)(B) if:\n(1) Not later than twenty days or earlier than thirty days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in subsection (c)(3)(B); and\n(2) Before the notification date, the secured party:\n(A) Did not receive a response to the request for information; or\n(B) Received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.\nSource: SL 2000, ch 231; SL 2024, ch 198, § 83.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-9. SECURED TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-9-611","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"55d783e5ccd313bc96d2b25aed9fa24f3d4f0066fd10a49234ddc23b256ae85d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-9-610","next":"us-sd/sdcl-57a-9-612"},"notice":"GroundRules: Original legal text. Not legal advice."}