State Codes and Statutes

Statutes > South-dakota > Title-53 > Chapter-12 > Statute-53-12-40

53-12-40. "Transferable record" defined. For purposes of this chapter, the term, transferable record, means an electronic record that:
(1) Would be a note under Article 3 of the Uniform Commercial Code or a document under Article 7 of the Uniform Commercial Code if the electronic record were in writing; and
(2) The issuer of the electronic record expressly has agreed is a transferable record.

Source: SL 2000, ch 225, § 40.