South Dakota Codified Laws 51A-12-16. Security interests authorized
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A credit agreement, or any agreement executed in connection therewith, may provide for the creation of a security interest in any personal or real property, including any goods under such agreement, to secure payment of a debtor’s outstanding indebtedness under such agreement.
Terms Used In South Dakota Codified Laws 51A-12-16
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1983, ch 359, § 1; SDCL, § 51-24-17.