{"data":{"id":"us-sd/sdcl-57a-9-704","jurisdiction":"us-sd","citation":"SDCL § 57A-9-704","heading":"Enforceability and perfection of security interest enforceable immediately prior to July 1, 2001, and subordinate to lien creditor.","body":"A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:\n(1) Remains an enforceable security interest for one year after July 1, 2001;\n(2) Remains enforceable thereafter if the security interest becomes enforceable under § 57A-9-203 on July 1, 2001, or within one year thereafter; and\n(3) Becomes perfected:\n(A) Without further action, on July 1, 2001, if the applicable requirements for perfection under this chapter are satisfied before or at that time; or\n(B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.\nSource: SL 2000, ch 231.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-9. SECURED TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-9-704","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"01613f3a1df69b5f17d537eef33f727644da4332ce37b274eb8c50c72fae53c6","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-9-703","next":"us-sd/sdcl-57a-9-705"},"notice":"GroundRules: Original legal text. Not legal advice."}