To the extent not superceded by the specific provisions of §§ 47-21-46.1 to 47-21-46.4, inclusive, the uniform commercial code and other applicable laws remain in full force and effect and supplement the provisions of §§ 47-21-46.1 to 47-21-46.4, inclusive. Any rural electric cooperative may make a single filing under §§ 47-21-46.1 to 47-21-46.3, inclusive, and the secretary of state shall accept the same as a single filing. The financing statement shall identify the rural electric cooperative as a transmitting utility and shall be indexed under § 57A-9-501(b), but the index may also refer to the secretary of state’s recording data for real estate records under §§ 47-21-46.1 to 47-21-46.3, inclusive, and the retention by the secretary of state of a microfilm or other photographic copy of the document filed in the real estate records shall be sufficient to comply with the retention requirements of § 57A-9-522.

Terms Used In South Dakota Codified Laws 47-21-46.4

  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC

Source: SL 2009, ch 233, § 4.

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