44-7-5.1. Duty of secretary of state on presentation of certificate of release, nonattachment, withdrawal, discharge, or subordination.
If a certificate of release, nonattachment, withdrawal, discharge, or subordination of any lien is presented to the secretary of state for filing, the secretary of state shall:
(1)Cause a certificate of release, nonattachment, or withdrawal to be marked, held, and indexed as if the certificate were a termination statement within the meaning of the Uniform Commercial Code, but the notice of lien to which the certificate relates may not be removed from the files; and
(2)Cause a certificate of discharge or subordination to be marked, held, and indexed as if the certificate were a release of collateral within the meaning of the Uniform Commercial Code.
Source: SL 1988, ch 355, §5; SL 2005, ch 236, §3.
Structure South Dakota Codified Laws
Chapter 07 - Federal Tax Lien Registration
Section 44-7-1.1 - Applicability of chapter.
Section 44-7-2.1 - Procedure for filing under chapter.
Section 44-7-3.1 - Certification as entitling liens, etc., to be filed.
Section 44-7-5.2 - Duty of filing officer to accept liens in authorized method or medium.
Section 44-7-8.2 - Fees for responding to request for information.
Section 44-7-8.3 - Uniform application and construction of chapter--Filing system.
Section 44-7-10 - Tax liens and notices filed before effective date of chapter.