(a) A filed record is effective only to the extent that it was filed by a person that may file it under § 57A-9-509.

(b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.

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Terms Used In South Dakota Codified Laws 57A-9-510

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

(c) A continuation statement that is not filed within the period prescribed by § 57A-9-515(d) is ineffective.

Source: SL 2000, ch 231.