South Dakota Codified Laws
Title 57A - Uniform Commercial Code

Section 57A-1-103 - Construction of title to promote its purposes and policies--Applicability of supplemental principles of law. - 57A-1-103. Construction of title to promote its purposes and policies--Applicability...

Section 57A-1-104 - Construction against implied repeal. - 57A-1-104. Construction against implied repeal. This title being a general...

Section 57A-1-105 - Severability. - 57A-1-105. Severability. If any provision or clause of this title...

Section 57A-1-106 - Use of singular and plural--Gender. - 57A-1-106. Use of singular and plural--Gender. In this title, unless...

Section 57A-1-107 - Section captions. - 57A-1-107. Section captions. Section captions are part of this title....

Section 57A-1-108 - Relation to Electronic Signatures in Global and National Commerce Act. - 57A-1-108.Relation to Electronic Signatures in Global and National Commerce Act....

Section 57A-1-201 - General definitions. - 57A-1-201. General definitions. (a) Unless the context otherwise requires, words...

Section 57A-1-202 - Notice--Knowledge. - 57A-1-202. Notice--Knowledge. (a) Subject to subsection (f), a person has...

Section 57A-1-203 - Lease distinguished from security interest. - 57A-1-203. Lease distinguished from security interest. (a) Whether a transaction...

Section 57A-1-204 - Value. - 57A-1-204. Value. Except as otherwise provided in chapters 57A-3, 57A-4,...

Section 57A-1-205 - Reasonable time--Seasonableness. - 57A-1-205. Reasonable time--Seasonableness. (a) Whether a time for taking an...

Section 57A-1-206 - Presumptions. - 57A-1-206. Presumptions. Whenever this title creates a "presumption" with respect...

Section 57A-1-301 - Territorial applicability--Parties' power to choose applicable law. - 57A-1-301. Territorial applicability--Parties' power to choose applicable law. (1) Except...

Section 57A-1-302 - Variation by agreement. - 57A-1-302. Variation by agreement. (a) Except as otherwise provided in...

Section 57A-1-303 - Course of performance, course of dealing, and usage of trade. - 57A-1-303. Course of performance, course of dealing, and usage of...

Section 57A-1-304 - Obligation of good faith. - 57A-1-304. Obligation of good faith. Every contract or duty within...

Section 57A-1-305 - Remedies to be liberally administered. - 57A-1-305. Remedies to be liberally administered. (a) The remedies provided...

Section 57A-1-306 - Waiver or renunciation of claim or right after breach. - 57A-1-306. Waiver or renunciation of claim or right after breach....

Section 57A-1-307 - Prima facie evidence by third-party documents. - 57A-1-307. Prima facie evidence by third-party documents. A document in...

Section 57A-1-308 - Performance or acceptance under reservation of rights. - 57A-1-308. Performance or acceptance under reservation of rights. (a) A...

Section 57A-1-309 - Option to accelerate at will. - 57A-1-309. Option to accelerate at will. A term providing that...

Section 57A-1-310 - Subordinated obligations. - 57A-1-310. Subordinated obligations. An obligation may be issued as subordinated...

Chapter 02 - Sales

Section 57A-2-101 - Short title. - 57A-2-101. Short title. This chapter shall be known and may...

Section 57A-2-102 - Scope--Certain security and other transactions excluded from this chapter. - 57A-2-102. Scope--Certain security and other transactions excluded from this chapter....

Section 57A-2-103 - Definitions and index of definitions. - 57A-2-103. Definitions and index of definitions. (1) In this chapter...

Section 57A-2-104 - Definitions--"Merchant"--"Between merchants"--"Financing agency". - 57A-2-104. Definitions--"Merchant"--"Between merchants"--"Financing agency". (1) "Merchant" means a person who...

Section 57A-2-105 - Definitions--Transferability--"Goods"--"Future" Goods--"Lot"--"Commercial Unit". - 57A-2-105. Definitions--Transferability--"Goods"--"Future" Goods--"Lot"--"Commercial Unit". (1)"Goods" means all things (including specially...

Section 57A-2-106 - Definitions--"Contract"--"Agreement"--"Contract for Sale"--"Sale"--"Present sale"--"Conforming" to contract--"Termination"--"Cancellation". - 57A-2-106. Definitions--"Contract"--"Agreement"--"Contract for Sale"--"Sale"--"Present sale"--"Conforming" to contract--"Termination"--"Cancellation". (1)In this chapter...

Section 57A-2-107 - Goods to be severed from realty--Recording. - 57A-2-107. Goods to be severed from realty--Recording. (1)A contract for...

Section 57A-2-201 - Formal requirements--Statute of frauds. - 57A-2-201. Formal requirements--Statute of frauds. (1) Except as otherwise provided...

Section 57A-2-202 - Final written expression--Parol or extrinsic evidence. - 57A-2-202. Final written expression--Parol or extrinsic evidence. Terms with respect...

Section 57A-2-203 - Seals inoperative. - 57A-2-203. Seals inoperative. The affixing of a seal to a...

Section 57A-2-204 - Formation in general. - 57A-2-204. Formation in general. (1)A contract for sale of goods...

Section 57A-2-205 - Firm offers. - 57A-2-205. Firm offers. An offer by a merchant to buy...

Section 57A-2-206 - Offer and acceptance in formation of contract. - 57A-2-206. Offer and acceptance in formation of contract. (1)Unless otherwise...

Section 57A-2-207 - Additional terms in acceptance or confirmation. - 57A-2-207. Additional terms in acceptance or confirmation. (1)A definite and...

Section 57A-2-209 - Modification, rescission and waiver. - 57A-2-209. Modification, rescission and waiver. (1)An agreement modifying a contract...

Section 57A-2-210 - Delegation of performance--Assignment of rights. - 57A-2-210. Delegation of performance--Assignment of rights. (1) A party may...

Section 57A-2-301 - General obligation of parties. - 57A-2-301. General obligation of parties. The obligation of the seller...

Section 57A-2-302 - Unconscionable contract or clause. - 57A-2-302. Unconscionable contract or clause. (1)If the court as a...

Section 57A-2-303 - Allocation or division of risks. - 57A-2-303. Allocation or division of risks. Where this chapter allocates...

Section 57A-2-304 - Price payable in money, goods, realty, or otherwise. - 57A-2-304. Price payable in money, goods, realty, or otherwise. (1)The...

Section 57A-2-305 - Open price term. - 57A-2-305. Open price term. (1)The parties if they so intend...

Section 57A-2-306 - Output, requirements and exclusive dealings. - 57A-2-306. Output, requirements and exclusive dealings. (1)A term which measures...

Section 57A-2-307 - Delivery in single lot or several lots. - 57A-2-307. Delivery in single lot or several lots. Unless otherwise...

Section 57A-2-308 - Absence of specified place for delivery. - 57A-2-308. Absence of specified place for delivery. Unless otherwise agreed...

Section 57A-2-309 - Absence of specific time provisions--Notice of termination. - 57A-2-309. Absence of specific time provisions--Notice of termination. (1)The time...

Section 57A-2-310 - Open time for payment or running of credit--Authority to ship under reservation. - 57A-2-310. Open time for payment or running of credit--Authority to...

Section 57A-2-311 - Options and cooperation respecting performance. - 57A-2-311. Options and cooperation respecting performance. (1)An agreement for sale...

Section 57A-2-312 - Warranty of title and against infringement--Buyer's obligation against infringement. - 57A-2-312. Warranty of title and against infringement--Buyer's obligation against infringement....

Section 57A-2-313 - Express warranties by affirmation, promise, description, sample. - 57A-2-313. Express warranties by affirmation, promise, description, sample. (1)Express warranties...

Section 57A-2-314 - Implied warranty--Merchantability--Usage of trade. - 57A-2-314. Implied warranty--Merchantability--Usage of trade. (1)Unless excluded or modified (§57A-2-316),...

Section 57A-2-315 - Implied warranty--Fitness for particular purpose. - 57A-2-315. Implied warranty--Fitness for particular purpose. Where the seller at...

Section 57A-2-315.1 - Implied warranties--Exclusion of sales of blood, blood plasma, human tissue or organs as medical services. - 57A-2-315.1. Implied warranties--Exclusion of sales of blood, blood plasma, human...

Section 57A-2-316 - Exclusion or modification of warranties. - 57A-2-316. Exclusion or modification of warranties. (1)Words or conduct relevant...

Section 57A-2-316.1 - Cattle, hogs and sheep--No implied warranty as to disease. - 57A-2-316.1. Cattle, hogs and sheep--No implied warranty as to disease....

Section 57A-2-317 - Cumulation and conflict of warranties express or implied. - 57A-2-317. Cumulation and conflict of warranties express or implied. Warranties...

Section 57A-2-318 - Third-party beneficiaries of warranties express or implied. - 57A-2-318. Third-party beneficiaries of warranties express or implied. A seller's...

Section 57A-2-319 - F.O.B. and F.A.S. terms. - 57A-2-319.F.O.B. and F.A.S. terms. (1)Unless otherwise agreed the term F.O.B....

Section 57A-2-320 - C.I.F. and C. & F. terms. - 57A-2-320.C.I.F. and C. & F. terms. (1)The term C.I.F. means...

Section 57A-2-321 - C.I.F. or C. & F.--"Net landed weights"--"Payment on arrival"--Warranty of condition on arrival. - 57A-2-321.C.I. F. or C. & F.--"Net landed weights"--"Payment on arrival"--Warranty...

Section 57A-2-322 - Delivery "ex-ship". - 57A-2-322. Delivery "ex-ship". (1)Unless otherwise agreed a term for delivery...

Section 57A-2-323 - Form of bill of lading required in overseas shipment--"Overseas". - 57A-2-323. Form of bill of lading required in overseas shipment--"Overseas"....

Section 57A-2-324 - "No arrival, no sale" term. - 57A-2-324."No arrival, no sale" term. Under a term "no arrival,...

Section 57A-2-325 - "Letter of credit" term--"Confirmed credit". - 57A-2-325."Letter of credit" term--"Confirmed credit". (1)Failure of the buyer seasonably...

Section 57A-2-326 - Sale on approval and sale or return--Consignment sales and rights of creditors. - 57A-2-326. Sale on approval and sale or return--Consignment sales and...

Section 57A-2-327 - Special incidents of sale on approval and sale or return. - 57A-2-327. Special incidents of sale on approval and sale or...

Section 57A-2-328 - Sale by auction. - 57A-2-328. Sale by auction. (1)In a sale by auction if...

Section 57A-2-401 - Passing of title--Reservation for security--Limited application of this section. - 57A-2-401. Passing of title--Reservation for security--Limited application of this section....

Section 57A-2-402 - Rights of seller's creditors against sold goods. - 57A-2-402. Rights of seller's creditors against sold goods. (1)Except as...

Section 57A-2-403 - Power to transfer--Good faith purchase of goods--"Entrusting". - 57A-2-403. Power to transfer--Good faith purchase of goods--"Entrusting". (1) A...

Section 57A-2-501 - Insurable interest in goods--Manner of identification of goods. - 57A-2-501. Insurable interest in goods--Manner of identification of goods. (1)The...

Section 57A-2-502 - Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency. - 57A-2-502. Buyer's right to goods on seller's repudiation, failure to...

Section 57A-2-503 - Manner of seller's tender of delivery. - 57A-2-503. Manner of seller's tender of delivery. (1) Tender of...

Section 57A-2-504 - Shipment by seller. - 57A-2-504. Shipment by seller. Where the seller is required or...

Section 57A-2-505 - Seller's shipment under reservation. - 57A-2-505. Seller's shipment under reservation. (1) Where the seller has...

Section 57A-2-506 - Rights of financing agency. - 57A-2-506. Rights of financing agency. (1) A financing agency by...

Section 57A-2-507 - Effect of seller's tender--Delivery on condition. - 57A-2-507. Effect of seller's tender--Delivery on condition. (1)Tender of delivery...

Section 57A-2-508 - Cure by seller of improper tender or delivery--Replacement. - 57A-2-508. Cure by seller of improper tender or delivery--Replacement. (1)Where...

Section 57A-2-509 - Risk of loss in the absence of breach. - 57A-2-509. Risk of loss in the absence of breach. (1)...

Section 57A-2-510 - Effect of breach on risk of loss. - 57A-2-510. Effect of breach on risk of loss. (1)Where a...

Section 57A-2-511 - Tender of payment by buyer--Payment by check. - 57A-2-511. Tender of payment by buyer--Payment by check. (1)Unless otherwise...

Section 57A-2-512 - Payment by buyer before inspection. - 57A-2-512. Payment by buyer before inspection. (1) Where the contract...

Section 57A-2-513 - Buyer's right to inspection of goods. - 57A-2-513.Buyer's right to inspection of goods. (1)Unless otherwise agreed and...

Section 57A-2-514 - When documents deliverable on acceptance--When on payment. - 57A-2-514. When documents deliverable on acceptance--When on payment. Unless otherwise...

Section 57A-2-515 - Preserving evidence of goods in dispute. - 57A-2-515. Preserving evidence of goods in dispute. In furtherance of...

Section 57A-2-601 - Buyer's rights on improper delivery. - 57A-2-601. Buyer's rights on improper delivery. Subject to the provisions...

Section 57A-2-602 - Manner and effect of rightful rejection. - 57A-2-602. Manner and effect of rightful rejection. (1)Rejection of goods...

Section 57A-2-605 - Waiver of buyer's objections by failure to particularize. - 57A-2-605. Waiver of buyer's objections by failure to particularize. (1)...

Section 57A-2-606 - What constitutes acceptance of goods. - 57A-2-606. What constitutes acceptance of goods. (1)Acceptance of goods occurs...

Section 57A-2-607 - Effect of acceptance--Notice of breach--Burden of establishing breach after acceptance--Notice of claim or litigation to person answerable over. - 57A-2-607. Effect of acceptance--Notice of breach--Burden of establishing breach after...

Section 57A-2-608 - Revocation of acceptance in whole or in part. - 57A-2-608. Revocation of acceptance in whole or in part. (1)The...

Section 57A-2-609 - Right to adequate assurance of performance. - 57A-2-609. Right to adequate assurance of performance. (1)A contract for...

Section 57A-2-610 - Anticipatory repudiation. - 57A-2-610. Anticipatory repudiation. When either party repudiates the contract with...

Section 57A-2-611 - Retraction of anticipatory repudiation. - 57A-2-611. Retraction of anticipatory repudiation. (1)Until the repudiating party's next...

Section 57A-2-612 - "Installment contract"--Breach. - 57A-2-612."Installment contract"--Breach. (1)An "installment contract" is one which requires or...

Section 57A-2-613 - Casualty to identified goods. - 57A-2-613. Casualty to identified goods. Where the contract requires for...

Section 57A-2-614 - Substituted performance. - 57A-2-614. Substituted performance. (1)Where without fault of either party the...

Section 57A-2-615 - Excuse by failure of presupposed conditions. - 57A-2-615. Excuse by failure of presupposed conditions. Except so far...

Section 57A-2-616 - Procedure on notice claiming excuse. - 57A-2-616. Procedure on notice claiming excuse. (1)Where the buyer receives...

Section 57A-2-701 - Remedies for breach of collateral contracts not impaired. - 57A-2-701. Remedies for breach of collateral contracts not impaired. Remedies...

Section 57A-2-702 - Seller's remedies on discovery of buyer's insolvency. - 57A-2-702. Seller's remedies on discovery of buyer's insolvency. (1)Where the...

Section 57A-2-703 - Seller's remedies in general. - 57A-2-703. Seller's remedies in general. Where the buyer wrongfully rejects...

Section 57A-2-704 - Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods. - 57A-2-704. Seller's right to identify goods to the contract notwithstanding...

Section 57A-2-705 - Seller's stoppage of delivery in transit or otherwise. - 57A-2-705. Seller's stoppage of delivery in transit or otherwise. (1)...

Section 57A-2-706 - Seller's resale including contract for resale. - 57A-2-706. Seller's resale including contract for resale. (1)Under the conditions...

Section 57A-2-707 - "Person in the position of a seller". - 57A-2-707."Person in the position of a seller". (1)A "person in...

Section 57A-2-708 - Seller's damages for nonacceptance or repudiation. - 57A-2-708. Seller's damages for nonacceptance or repudiation. (1)Subject to subsection...

Section 57A-2-709 - Action for the price. - 57A-2-709. Action for the price. (1)When the buyer fails to...

Section 57A-2-710 - Seller's incidental damages. - 57A-2-710. Seller's incidental damages. Incidental damages to an aggrieved seller...

Section 57A-2-712 - "Cover"--Buyer's procurement of substitute goods. - 57A-2-712."Cover"--Buyer's procurement of substitute goods. (1)After a breach within §57A-2-711,...

Section 57A-2-713 - Buyer's damages for nondelivery or repudiation. - 57A-2-713. Buyer's damages for nondelivery or repudiation. (1)Subject to the...

Section 57A-2-714 - Buyer's damages for breach in regard to accepted goods. - 57A-2-714. Buyer's damages for breach in regard to accepted goods....

Section 57A-2-715 - Buyer's incidental and consequential damages. - 57A-2-715. Buyer's incidental and consequential damages. (1)Incidental damages resulting from...

Section 57A-2-716 - Buyer's right to specific performance or replevin. - 57A-2-716. Buyer's right to specific performance or replevin. (1)Specific performance...

Section 57A-2-717 - Deduction of damages from the price. - 57A-2-717. Deduction of damages from the price. The buyer on...

Section 57A-2-718 - Liquidation or limitation of damages--Deposits. - 57A-2-718. Liquidation or limitation of damages--Deposits. (1)Damages for breach by...

Section 57A-2-719 - Contractual modification or limitation of remedy. - 57A-2-719. Contractual modification or limitation of remedy. (1)Subject to the...

Section 57A-2-720 - Effect of "cancellation" or "rescission" on claims for antecedent breach. - 57A-2-720. Effect of "cancellation" or "rescission" on claims for antecedent...

Section 57A-2-721 - Remedies for fraud. - 57A-2-721. Remedies for fraud. Remedies for material misrepresentation or fraud...

Section 57A-2-722 - Who can sue third parties for injury to goods. - 57A-2-722. Who can sue third parties for injury to goods....

Section 57A-2-723 - Proof of market price; time and place. - 57A-2-723. Proof of market price; time and place. (1)If an...

Section 57A-2-724 - Admissibility of market quotations. - 57A-2-724. Admissibility of market quotations. Whenever the prevailing price or...

Section 57A-2-725 - Statute of limitations in contracts for sale. - 57A-2-725. Statute of limitations in contracts for sale. (1)An action...

Chapter 02A - Leases

Section 57A-2A-101 - Short title. - 57A-2A-101. Short title. This chapter shall be known and may...

Section 57A-2A-102 - Scope. - 57A-2A-102. Scope. This chapter applies to any transaction, regardless of...

Section 57A-2A-103 - Definitions and index of definitions. - 57A-2A-103. Definitions and index of definitions. (1) In this chapter...

Section 57A-2A-104 - Leases subject to other statutes. - 57A-2A-104. Leases subject to other statutes. (1)A lease, although subject...

Section 57A-2A-105 - Territorial application of article to goods covered by certificate of title. - 57A-2A-105. Territorial application of article to goods covered by certificate...

Section 57A-2A-106 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum. - 57A-2A-106. Limitation on power of parties to consumer lease to...

Section 57A-2A-107 - Waiver or renunciation of claim or right after default. - 57A-2A-107. Waiver or renunciation of claim or right after default....

Section 57A-2A-108 - Unconscionability. - 57A-2A-108. Unconscionability. (1)If the court as a matter of law...

Section 57A-2A-201 - Statute of frauds. - 57A-2A-201. Statute of frauds. (1)A lease contract is not enforceable...

Section 57A-2A-202 - Final written expression: parol or extrinsic evidence. - 57A-2A-202. Final written expression: parol or extrinsic evidence. Terms with...

Section 57A-2A-203 - Seals inoperative. - 57A-2A-203. Seals inoperative. The affixing of a seal to a...

Section 57A-2A-204 - Formation in general. - 57A-2A-204. Formation in general. (1)A lease contract may be made...

Section 57A-2A-205 - Firm offers. - 57A-2A-205. Firm offers. An offer by a merchant to lease...

Section 57A-2A-206 - Offer and acceptance in formation of lease contract. - 57A-2A-206. Offer and acceptance in formation of lease contract. (1)Unless...

Section 57A-2A-208 - Modification, rescission and waiver. - 57A-2A-208. Modification, rescission and waiver. (1)An agreement modifying a lease...

Section 57A-2A-209 - Lessee under finance lease as beneficiary of supply contract. - 57A-2A-209. Lessee under finance lease as beneficiary of supply contract....

Section 57A-2A-210 - Express warranties. - 57A-2A-210. Express warranties. (1)Express warranties by the lessor are created...

Section 57A-2A-211 - Warranties against interference and against infringement; lessee's obligation against infringement. - 57A-2A-211. Warranties against interference and against infringement; lessee's obligation against...

Section 57A-2A-212 - Implied warranty of merchantability. - 57A-2A-212. Implied warranty of merchantability. (1)Except in a finance lease,...

Section 57A-2A-213 - Implied warranty of fitness for particular purpose. - 57A-2A-213. Implied warranty of fitness for particular purpose. Except in...

Section 57A-2A-214 - Exclusion or modification of warranties. - 57A-2A-214. Exclusion or modification of warranties. (1)Words or conduct relevant...

Section 57A-2A-215 - Cumulation and conflict of warranties express or implied. - 57A-2A-215. Cumulation and conflict of warranties express or implied. Warranties,...

Section 57A-2A-216 - Third party beneficiaries of express and implied warranties. - 57A-2A-216. Third party beneficiaries of express and implied warranties. A...

Section 57A-2A-217 - Identification. - 57A-2A-217. Identification. Identification of goods as goods to which a...

Section 57A-2A-218 - Insurance and proceeds. - 57A-2A-218. Insurance and proceeds. (1)A lessee obtains an insurable interest...

Section 57A-2A-219 - Risk of loss. - 57A-2A-219. Risk of loss. (1)Except in the case of a...

Section 57A-2A-220 - Effect of default on risk of loss. - 57A-2A-220. Effect of default on risk of loss. (1)Where risk...

Section 57A-2A-221 - Casualty to identified goods. - 57A-2A-221. Casualty to identified goods. If a lease contract requires...

Section 57A-2A-301 - Enforceability of lease contract. - 57A-2A-301. Enforceability of lease contract. Except as otherwise provided in...

Section 57A-2A-302 - Title to and possession of goods. - 57A-2A-302. Title to and possession of goods. Except as otherwise...

Section 57A-2A-303 - Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; assignment of rights. - 57A-2A-303. Alienability of party's interest under lease contract or of...

Section 57A-2A-304 - Subsequent lease of goods by lessor. - 57A-2A-304. Subsequent lease of goods by lessor. (1)Subject to the...

Section 57A-2A-305 - Sale or sublease of goods by lessee. - 57A-2A-305. Sale or sublease of goods by lessee. (1)Subject to...

Section 57A-2A-306 - Priority of certain liens arising by operation of law. - 57A-2A-306. Priority of certain liens arising by operation of law....

Section 57A-2A-307 - Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. - 57A-2A-307. Priority of liens arising by attachment or levy on,...

Section 57A-2A-308 - Special rights of creditors. - 57A-2A-308. Special rights of creditors. (1)A creditor of a lessor...

Section 57A-2A-309 - Lessor's and lessee's rights when goods become fixtures. - 57A-2A-309. Lessor's and lessee's rights when goods become fixtures. (1)...

Section 57A-2A-310 - Lessor's and lessee's rights when goods become accessions. - 57A-2A-310. Lessor's and lessee's rights when goods become accessions. (1)Goods...

Section 57A-2A-401 - Insecurity: adequate assurance of performance. - 57A-2A-401. Insecurity: adequate assurance of performance. (1)A lease contract imposes...

Section 57A-2A-402 - Anticipatory repudiation. - 57A-2A-402. Anticipatory repudiation. (1)If either party repudiates a lease contract,...

Section 57A-2A-403 - Retraction of anticipatory repudiation. - 57A-2A-403. Retraction of anticipatory repudiation. (1)Until the repudiating party's next...

Section 57A-2A-404 - Substituted performance. - 57A-2A-404. Substituted performance. (1)If without fault of the lessee, the...

Section 57A-2A-405 - Excused performance. - 57A-2A-405. Excused performance. Subject to §57A-2A-404, on substituted performance, the...

Section 57A-2A-406 - Procedure on excused performance. - 57A-2A-406. Procedure on excused performance. (1)If the lessee receives notification...

Section 57A-2A-407 - Irrevocable promises: finance leases. - 57A-2A-407. Irrevocable promises: finance leases. (1)In the case of a...

Section 57A-2A-501 - Default procedure. - 57A-2A-501. Default procedure. (1) Whether the lessor or the lessee...

Section 57A-2A-502 - Notice after default. - 57A-2A-502. Notice after default. Except as otherwise provided in this...

Section 57A-2A-503 - Modification or impairment of rights and remedies. - 57A-2A-503. Modification or impairment of rights and remedies. (1)Except as...

Section 57A-2A-504 - Liquidation of damages. - 57A-2A-504. Liquidation of damages. (1)Damages payable by either party for...

Section 57A-2A-505 - Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies. - 57A-2A-505. Cancellation and termination and effect of cancellation, termination, rescission,...

Section 57A-2A-506 - Statute of limitations. - 57A-2A-506. Statute of limitations. (1)An action for default under a...

Section 57A-2A-507 - Proof of market rent: time and place. - 57A-2A-507. Proof of market rent: time and place. (1)Damages based...

Section 57A-2A-508 - Lessee's remedies. - 57A-2A-508. Lessee's remedies. (1)If a lessor fails to deliver the...

Section 57A-2A-509 - Lessee's rights on improper delivery--Rightful rejection. - 57A-2A-509. Lessee's rights on improper delivery--Rightful rejection. (1)Subject to the...

Section 57A-2A-510 - Installment lease contracts: rejection and default. - 57A-2A-510. Installment lease contracts: rejection and default. (1)Under an installment...

Section 57A-2A-513 - Cure by lessor of improper delivery--Replacement. - 57A-2A-513. Cure by lessor of improper delivery--Replacement. (1)If any tender...

Section 57A-2A-514 - Waiver of lessee's objections. - 57A-2A-514. Waiver of lessee's objections. (1) In rejecting goods, a...

Section 57A-2A-515 - Acceptance of goods. - 57A-2A-515. Acceptance of goods. (1)Acceptance of goods occurs after the...

Section 57A-2A-516 - Effect of acceptance of goods--Notice of default--Burden of establishing default after acceptance--Notice of claim or litigation to person answerable over. - 57A-2A-516. Effect of acceptance of goods--Notice of default--Burden of establishing...

Section 57A-2A-517 - Revocation of acceptance of goods. - 57A-2A-517. Revocation of acceptance of goods. (1)A lessee may revoke...

Section 57A-2A-518 - Cover--Substitute goods. - 57A-2A-518. Cover--Substitute goods. (1) After default by a lessor under...

Section 57A-2A-519 - Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods. - 57A-2A-519. Lessee's damages for nondelivery, repudiation, default and breach of...

Section 57A-2A-520 - Lessee's incidental and consequential damages. - 57A-2A-520. Lessee's incidental and consequential damages. (1)Incidental damages resulting from...

Section 57A-2A-521 - Lessee's right to specific performance or replevin. - 57A-2A-521. Lessee's right to specific performance or replevin. (1)Specific performance...

Section 57A-2A-522 - Lessee's right to goods on lessor's insolvency. - 57A-2A-522. Lessee's right to goods on lessor's insolvency. (1)Subject to...

Section 57A-2A-523 - Lessor's rights. - 57A-2A-523. Lessor's rights. (1)If a lessee wrongfully rejects or revokes...

Section 57A-2A-524 - Lessor's right to identify goods to lease contract. - 57A-2A-524. Lessor's right to identify goods to lease contract. (1)A...

Section 57A-2A-525 - Lessor's right to possession of goods. - 57A-2A-525. Lessor's right to possession of goods. (1)If a lessor...

Section 57A-2A-526 - Lessor's stoppage of delivery in transit or otherwise. - 57A-2A-526. Lessor's stoppage of delivery in transit or otherwise. (1)...

Section 57A-2A-527 - Lessor's rights to dispose of goods. - 57A-2A-527. Lessor's rights to dispose of goods. (1) After a...

Section 57A-2A-528 - Lessor's damages for nonacceptance or repudiation. - 57A-2A-528. Lessor's damages for nonacceptance or repudiation. (1) Except as...

Section 57A-2A-529 - Lessor's action for a rent. - 57A-2A-529. Lessor's action for a rent. (1)After default by the...

Section 57A-2A-530 - Lessor's incidental damages. - 57A-2A-530. Lessor's incidental damages. Incidental damages to an aggrieved lessor...

Section 57A-2A-530.1 - Lessor's right to recover for damage to residual interest. - 57A-2A-530.1. Lessor's right to recover for damage to residual interest....

Section 57A-2A-531 - Standing to sue third parties for injury to goods. - 57A-2A-531. Standing to sue third parties for injury to goods....

Chapter 03 - Negotiable Instruments

Section 57A-3-101 - Short title. - 57A-3-101. Short title. This chapter may be cited as Uniform...

Section 57A-3-102 - Subject matter. - 57A-3-102. Subject matter. (a) This chapter applies to negotiable instruments....

Section 57A-3-103 - Definitions. - 57A-3-103. Definitions. (a) In this chapter: (1)"Acceptor" means a drawee...

Section 57A-3-104 - Negotiable instrument. - 57A-3-104. Negotiable instrument. (a) Except as provided in subsections (c)...

Section 57A-3-105 - Issue of instrument. - 57A-3-105. Issue of instrument. (a) "Issue" means the first delivery...

Section 57A-3-106 - Unconditional promise or order. - 57A-3-106. Unconditional promise or order. (a) Except as provided in...

Section 57A-3-107 - Instrument payable in foreign money. - 57A-3-107. Instrument payable in foreign money. Unless the instrument otherwise...

Section 57A-3-108 - Payable on demand or at definite time. - 57A-3-108. Payable on demand or at definite time. (a) A...

Section 57A-3-109 - Payable to bearer or to order. - 57A-3-109. Payable to bearer or to order. (a) A promise...

Section 57A-3-110 - Identification of person to whom instrument is payable. - 57A-3-110. Identification of person to whom instrument is payable. (a)...

Section 57A-3-111 - Place of payment. - 57A-3-111. Place of payment. Except as otherwise provided for items...

Section 57A-3-112 - Interest. - 57A-3-112. Interest. (a) Unless otherwise provided in the instrument, (i)...

Section 57A-3-113 - Date of instrument. - 57A-3-113. Date of instrument. (a) An instrument may be antedated...

Section 57A-3-114 - Contradictory terms of instrument. - 57A-3-114. Contradictory terms of instrument. If an instrument contains contradictory...

Section 57A-3-115 - Incomplete instrument. - 57A-3-115. Incomplete instrument. (a) "Incomplete instrument" means a signed writing,...

Section 57A-3-116 - Joint and several liability--Contribution. - 57A-3-116. Joint and several liability--Contribution. (a) Except as otherwise provided...

Section 57A-3-117 - Other agreements affecting instrument. - 57A-3-117. Other agreements affecting instrument. Subject to applicable law regarding...

Section 57A-3-118 - Statute of limitations. - 57A-3-118. Statute of limitations. (a) Except as provided in subsection...

Section 57A-3-119 - Notice of right to defend action. - 57A-3-119. Notice of right to defend action. In an action...

Section 57A-3-201 - Negotiation. - 57A-3-201. Negotiation. (a) "Negotiation" means a transfer of possession, whether...

Section 57A-3-202 - Negotiation subject to rescission. - 57A-3-202. Negotiation subject to rescission. (a) Negotiation is effective even...

Section 57A-3-203 - Transfer of instrument--Rights acquired by transfer. - 57A-3-203. Transfer of instrument--Rights acquired by transfer. (a) An instrument...

Section 57A-3-204 - Indorsement. - 57A-3-204. Indorsement. (a) "Indorsement" means a signature, other than that...

Section 57A-3-205 - Special indorsement--Blank indorsement--Anomalous indorsement. - 57A-3-205. Special indorsement--Blank indorsement--Anomalous indorsement. (a) If an indorsement is...

Section 57A-3-206 - Restrictive indorsement. - 57A-3-206. Restrictive indorsement. (a) An indorsement limiting payment to a...

Section 57A-3-207 - Reacquisition. - 57A-3-207. Reacquisition. Reacquisition of an instrument occurs if it is...

Section 57A-3-301 - Person entitled to enforce instrument. - 57A-3-301. Person entitled to enforce instrument. "Person entitled to enforce"...

Section 57A-3-302 - Holder in due course. - 57A-3-302. Holder in due course. (a) Subject to subsection (c)...

Section 57A-3-303 - Value and consideration. - 57A-3-303. Value and consideration. (a) An instrument is issued or...

Section 57A-3-304 - Overdue instrument. - 57A-3-304. Overdue instrument. (a) An instrument payable on demand becomes...

Section 57A-3-305 - Defenses and claims in recoupment. - 57A-3-305. Defenses and claims in recoupment. (a) Except as stated...

Section 57A-3-306 - Claims to an instrument. - 57A-3-306. Claims to an instrument. A person taking an instrument,...

Section 57A-3-307 - Notice of breach of fiduciary duty. - 57A-3-307. Notice of breach of fiduciary duty. (a) In this...

Section 57A-3-308 - Proof of signatures and status as holder in due course. - 57A-3-308. Proof of signatures and status as holder in due...

Section 57A-3-309 - Enforcement of lost, destroyed, or stolen instrument. - 57A-3-309. Enforcement of lost, destroyed, or stolen instrument. (a) A...

Section 57A-3-310 - Effect of instrument on obligation for which taken. - 57A-3-310. Effect of instrument on obligation for which taken. (a)...

Section 57A-3-311 - Accord and satisfaction by use of instrument. - 57A-3-311. Accord and satisfaction by use of instrument. (a) If...

Section 57A-3-312 - Lost, destroyed, or stolen cashier's check, teller's check or certified check. - 57A-3-312. Lost, destroyed, or stolen cashier's check, teller's check or...

Section 57A-3-401 - Signature. - 57A-3-401. Signature. (a) A person is not liable on an...

Section 57A-3-402 - Signature by representative. - 57A-3-402. Signature by representative. (a) If a person acting, or...

Section 57A-3-403 - Unauthorized signature. - 57A-3-403. Unauthorized signature. (a) Unless otherwise provided in this article...

Section 57A-3-404 - Impostors--Fictitious payees. - 57A-3-404. Impostors--Fictitious payees. (a) If an impostor, by use of...

Section 57A-3-405 - Employer's responsibility for fraudulent indorsement by employee. - 57A-3-405. Employer's responsibility for fraudulent indorsement by employee. (a) In...

Section 57A-3-406 - Negligence contributing to forged signature or alteration of instrument. - 57A-3-406. Negligence contributing to forged signature or alteration of instrument....

Section 57A-3-407 - Alteration. - 57A-3-407. Alteration. (a) "Alteration" means (i) an unauthorized change in...

Section 57A-3-408 - Drawee not liable on unaccepted draft. - 57A-3-408. Drawee not liable on unaccepted draft. A check or...

Section 57A-3-409 - Acceptance of draft--Certified check. - 57A-3-409. Acceptance of draft--Certified check. (a) "Acceptance" means the drawee's...

Section 57A-3-410 - Acceptance varying draft. - 57A-3-410. Acceptance varying draft. (a) If the terms of a...

Section 57A-3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks. - 57A-3-411. Refusal to pay cashier's checks, teller's checks, and certified...

Section 57A-3-412 - Obligation of issuer of note or cashier's check. - 57A-3-412. Obligation of issuer of note or cashier's check. The...

Section 57A-3-413 - Obligation of acceptor. - 57A-3-413. Obligation of acceptor. (a) The acceptor of a draft...

Section 57A-3-414 - Obligation of drawer. - 57A-3-414. Obligation of drawer. (a) This section does not apply...

Section 57A-3-415 - Obligation of indorser. - 57A-3-415. Obligation of indorser. (a) Subject to subsections (b), (c),...

Section 57A-3-416 - Transfer warranties. - 57A-3-416. Transfer warranties. (a) A person who transfers an instrument...

Section 57A-3-417 - Presentment warranties. - 57A-3-417. Presentment warranties. (a) If an unaccepted draft is presented...

Section 57A-3-418 - Payment or acceptance by mistake. - 57A-3-418. Payment or acceptance by mistake. (a) Except as provided...

Section 57A-3-419 - Instruments signed for accommodation. - 57A-3-419. Instruments signed for accommodation. (a) If an instrument is...

Section 57A-3-420 - Conversion of instrument. - 57A-3-420. Conversion of instrument. (a) The law applicable to conversion...

Section 57A-3-421 - Collection costs and expenses--Liability of issuer of dishonored check. - 57A-3-421. Collection costs and expenses--Liability of issuer of dishonored check....

Section 57A-3-422 - Circumstances under which issuer of dishonored check liable--Reasonable costs and expenses. - 57A-3-422. Circumstances under which issuer of dishonored check liable--Reasonable costs...

Section 57A-3-501 - Presentment. - 57A-3-501. Presentment. (a) "Presentment" means a demand made by or...

Section 57A-3-502 - Dishonor. - 57A-3-502. Dishonor. (a) Dishonor of a note is governed by...

Section 57A-3-503 - Notice of dishonor. - 57A-3-503. Notice of dishonor. (a) The obligation of an indorser...

Section 57A-3-504 - Excused presentment and notice of dishonor. - 57A-3-504. Excused presentment and notice of dishonor. (a) Presentment for...

Section 57A-3-505 - Evidence of dishonor. - 57A-3-505. Evidence of dishonor. (a) The following are admissible as...

Section 57A-3-601 - Discharge and effect of discharge. - 57A-3-601. Discharge and effect of discharge. (a) The obligation of...

Section 57A-3-602 - Payment. - 57A-3-602. Payment. (a) Subject to subsection (b), an instrument is...

Section 57A-3-603 - Tender of payment. - 57A-3-603. Tender of payment. (a) If tender of payment of...

Section 57A-3-604 - Discharge by cancellation or renunciation. - 57A-3-604. Discharge by cancellation or renunciation. (a) A person entitled...

Section 57A-3-605 - Discharge of indorsers and accommodation parties. - 57A-3-605. Discharge of indorsers and accommodation parties. (a) In this...

Chapter 03A - Consumer Paper--Limitations On Negotiability

Section 57A-3A-101 - Definition of terms. - 57A-3A-101. Definition of terms. Terms as used in this chapter,...

Section 57A-3A-102 - Instruments to be marked consumer paper--Holder not holder in due course. - 57A-3A-102. Instruments to be marked consumer paper--Holder not holder in...

Section 57A-3A-103 - Failure to mark consumer paper as misdemeanor. - 57A-3A-103. Failure to mark consumer paper as misdemeanor. Any retail...

Section 57A-3A-104 - Assignee of consumer paper not holder in due course though instrument unmarked--Contrary agreement void. - 57A-3A-104. Assignee of consumer paper not holder in due course...

Section 57A-3A-105 - Assignee's liability restricted to amount owed--Defense or setoff. - 57A-3A-105. Assignee's liability restricted to amount owed--Defense or setoff. The...

Section 57A-3A-106 - Notice to buyer of assignment of paper--Contents--Defenses waived by failure to notify holder. - 57A-3A-106. Notice to buyer of assignment of paper--Contents--Defenses waived by...

Section 57A-3A-107 - Holder as holder in due course after notice given and complaint or defense not asserted. - 57A-3A-107. Holder as holder in due course after notice given...

Chapter 04 - Bank Deposits And Collections

Section 57A-4-101 - Short title. - 57A-4-101. Short title. This chapter may be cited as Uniform...

Section 57A-4-102 - Applicability. - 57A-4-102. Applicability. (a) To the extent that items within this...

Section 57A-4-103 - Variation by agreement--Measure of damages--Certain action constituting ordinary care. - 57A-4-103. Variation by agreement--Measure of damages--Certain action constituting ordinary care....

Section 57A-4-104 - Definitions and index of definitions. - 57A-4-104. Definitions and index of definitions. (a) In this chapter,...

Section 57A-4-105 - "Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank". - 57A-4-105."Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank". In this chapter: (1)"Bank"...

Section 57A-4-106 - Payable through or payable at bank--Collecting bank. - 57A-4-106. Payable through or payable at bank--Collecting bank. (a) If...

Section 57A-4-107 - Separate office of a bank. - 57A-4-107. Separate office of a bank. A branch or separate...

Section 57A-4-108 - Time of receipt of items. - 57A-4-108.Time of receipt of items. (a) For the purpose of...

Section 57A-4-109 - Delays. - 57A-4-109. Delays. (a) Unless otherwise instructed, a collecting bank in...

Section 57A-4-110 - Electronic presentment. - 57A-4-110. Electronic presentment. (a) "Agreement for electronic presentment" means an...

Section 57A-4-111 - Statute of limitations. - 57A-4-111. Statute of limitations. An action to enforce an obligation,...

Section 57A-4-201 - Status of collecting bank as agent and provisional status of credits--Applicability of chapter--Item indorsed "pay any bank". - 57A-4-201. Status of collecting bank as agent and provisional status...

Section 57A-4-202 - Responsibility for collection or return--When action timely. - 57A-4-202. Responsibility for collection or return--When action timely. (a) A...

Section 57A-4-203 - Effect of instructions. - 57A-4-203. Effect of instructions. Subject to chapter 57A-3 concerning conversion...

Section 57A-4-204 - Methods of sending and presenting--Sending directly to payor bank. - 57A-4-204. Methods of sending and presenting--Sending directly to payor bank....

Section 57A-4-205 - Depositary bank holder of unendorsed item. - 57A-4-205. Depositary bank holder of unendorsed item. If a customer...

Section 57A-4-206 - Transfer between banks. - 57A-4-206. Transfer between banks. Any agreed method that identifies the...

Section 57A-4-207 - Transfer warranties. - 57A-4-207. Transfer warranties. (a) A customer or collecting bank that...

Section 57A-4-208 - Presentment warranties. - 57A-4-208. Presentment warranties. (a) If an unaccepted draft is presented...

Section 57A-4-209 - Encoding and retention warranties. - 57A-4-209. Encoding and retention warranties. (a) A person who encodes...

Section 57A-4-210 - Security interest of collecting bank in items, accompanying documents, and proceeds. - 57A-4-210. Security interest of collecting bank in items, accompanying documents,...

Section 57A-4-211 - When bank gives value for purposes of holder in due course. - 57A-4-211. When bank gives value for purposes of holder in...

Section 57A-4-212 - Presentment by notice of item not payable by, through, or at a bank--Liability of drawer or indorser. - 57A-4-212. Presentment by notice of item not payable by, through,...

Section 57A-4-213 - Medium and time of settlement by bank. - 57A-4-213. Medium and time of settlement by bank. (a) With...

Section 57A-4-214 - Right of charge-back or refund; Liability of collecting bank; Return of item. - 57A-4-214. Right of charge-back or refund; Liability of collecting bank;...

Section 57A-4-215 - Final payment of item by payor bank--When provisional debits and credits become final--When certain credits become available for withdrawal. - 57A-4-215. Final payment of item by payor bank--When provisional debits...

Section 57A-4-216 - Insolvency and preference. - 57A-4-216. Insolvency and preference. (a) If an item is in...

Section 57A-4-301 - Deferred posting--Recovery of payment by return of items--Time of dishonor--Return of items by payor bank. - 57A-4-301. Deferred posting--Recovery of payment by return of items--Time of...

Section 57A-4-302 - Payor bank's responsibility for late return of item. - 57A-4-302. Payor bank's responsibility for late return of item. (a)...

Section 57A-4-303 - When items subject to notice, stop-payment order, legal process, or setoff--Order in which items may be charged or certified. - 57A-4-303. When items subject to notice, stop-payment order, legal process,...

Section 57A-4-401 - When bank may charge customer's account. - 57A-4-401. When bank may charge customer's account. (a) A bank...

Section 57A-4-402 - Bank's liability to customer for wrongful dishonor--Time of determining insufficiency of account. - 57A-4-402. Bank's liability to customer for wrongful dishonor--Time of determining...

Section 57A-4-403 - Customer's right to stop payment--Burden of proof of loss. - 57A-4-403. Customer's right to stop payment--Burden of proof of loss....

Section 57A-4-404 - Bank not obligated to pay check more than six months old. - 57A-4-404. Bank not obligated to pay check more than six...

Section 57A-4-405 - Death or incompetence of customer. - 57A-4-405. Death or incompetence of customer. (a) A payor or...

Section 57A-4-406 - Customer's duty to discover and report unauthorized signature or alteration. - 57A-4-406. Customer's duty to discover and report unauthorized signature or...

Section 57A-4-407 - Payor bank's right to subrogation on improper payment. - 57A-4-407. Payor bank's right to subrogation on improper payment. If...

Section 57A-4-501 - Handling of documentary drafts; Duty to send for presentment and to notify customer of dishonor. - 57A-4-501. Handling of documentary drafts; Duty to send for presentment...

Section 57A-4-502 - Presentment of "on arrival" drafts. - 57A-4-502. Presentment of "on arrival" drafts. If a draft or...

Section 57A-4-503 - Responsibility of presenting bank for documents and goods--Report of reasons for dishonor--Referee in case of need. - 57A-4-503. Responsibility of presenting bank for documents and goods--Report of...

Section 57A-4-504 - Privilege of presenting bank to deal with goods--Security interest for expenses. - 57A-4-504. Privilege of presenting bank to deal with goods--Security interest...

Chapter 04A - Funds Transfers

Section 57A-4A-101 - Short title. - 57A-4A-101. Short title. This chapter may be cited as Uniform...

Section 57A-4A-102 - Subject matter. - 57A-4A-102. Subject matter. Except as otherwise provided in §57A-4A-108, this...

Section 57A-4A-103 - Payment order--Definitions. - 57A-4A-103. Payment order--Definitions. (a)In this chapter: (1)"Beneficiary" means the person...

Section 57A-4A-104 - Funds transfer--Definitions. - 57A-4A-104. Funds transfer--Definitions. In this chapter: (a)"Funds transfer" means the...

Section 57A-4A-105 - Other definitions. - 57A-4A-105. Other definitions. (a) In this chapter: (1)"Authorized account" means...

Section 57A-4A-106 - Time payment order is received. - 57A-4A-106. Time payment order is received. (a) The time of...

Section 57A-4A-107 - Federal reserve regulations and operating circulars. - 57A-4A-107. Federal reserve regulations and operating circulars. Regulations of the...

Section 57A-4A-108 - Exclusion of consumer transactions governed by federal law. - 57A-4A-108.Exclusion of consumer transactions governed by federal law. (a) Except...

Section 57A-4A-201 - Security procedure. - 57A-4A-201. Security procedure. "Security procedure" means a procedure established by...

Section 57A-4A-202 - Authorized and verified payment orders. - 57A-4A-202. Authorized and verified payment orders. (a) A payment order...

Section 57A-4A-203 - Unenforceability of certain verified payment orders. - 57A-4A-203. Unenforceability of certain verified payment orders. (a)If an accepted...

Section 57A-4A-204 - Refund of payment and duty of customer to report with respect to unauthorized payment order. - 57A-4A-204. Refund of payment and duty of customer to report...

Section 57A-4A-205 - Erroneous payment orders. - 57A-4A-205. Erroneous payment orders. (a)If an accepted payment order was...

Section 57A-4A-206 - Transmission of payment order through funds-transfer or other communication system. - 57A-4A-206. Transmission of payment order through funds-transfer or other communication...

Section 57A-4A-207 - Misdescription of beneficiary. - 57A-4A-207. Misdescription of beneficiary. (a)Subject to subsection (b), if, in...

Section 57A-4A-208 - Misdescription of intermediary bank or beneficiary's bank. - 57A-4A-208. Misdescription of intermediary bank or beneficiary's bank. (a) This...

Section 57A-4A-209 - Acceptance of payment order. - 57A-4A-209. Acceptance of payment order. (a) Subject to subsection (d),...

Section 57A-4A-210 - Rejection of payment order. - 57A-4A-210. Rejection of payment order. (a) A payment order is...

Section 57A-4A-211 - Cancellation and amendment of payment order. - 57A-4A-211. Cancellation and amendment of payment order. (a) A communication...

Section 57A-4A-212 - Liability and duty of receiving bank regarding unaccepted payment order. - 57A-4A-212. Liability and duty of receiving bank regarding unaccepted payment...

Section 57A-4A-301 - Execution and execution date. - 57A-4A-301. Execution and execution date. (a) A payment order is...

Section 57A-4A-302 - Obligation of receiving bank in execution of payment order. - 57A-4A-302. Obligation of receiving bank in execution of payment order....

Section 57A-4A-303 - Erroneous execution of payment order. - 57A-4A-303. Erroneous execution of payment order. (a) A receiving bank...

Section 57A-4A-305 - Liability for late or improper execution or failure to execute payment order. - 57A-4A-305. Liability for late or improper execution or failure to...

Section 57A-4A-401 - Payment date. - 57A-4A-401. Payment date. "Payment date" of a payment order means...

Section 57A-4A-402 - Obligation of sender to pay receiving bank. - 57A-4A-402. Obligation of sender to pay receiving bank. (a) This...

Section 57A-4A-403 - Payment by sender to receiving bank. - 57A-4A-403. Payment by sender to receiving bank. (a) Payment of...

Section 57A-4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary. - 57A-4A-404. Obligation of beneficiary's bank to pay and give notice...

Section 57A-4A-405 - Payment by beneficiary's bank to beneficiary. - 57A-4A-405. Payment by beneficiary's bank to beneficiary. (a) If the...

Section 57A-4A-406 - Payment by originator to beneficiary--Discharge of underlying obligation. - 57A-4A-406. Payment by originator to beneficiary--Discharge of underlying obligation. (a)...

Section 57A-4A-501 - Variation by agreement and effect of funds-transfer system rule. - 57A-4A-501. Variation by agreement and effect of funds-transfer system rule....

Section 57A-4A-502 - Creditor process served on receiving bank--Setoff by beneficiary's bank. - 57A-4A-502. Creditor process served on receiving bank--Setoff by beneficiary's bank....

Section 57A-4A-503 - Injunction or restraining order with respect to funds transfer. - 57A-4A-503. Injunction or restraining order with respect to funds transfer....

Section 57A-4A-504 - Order in which items and payment orders may be charged to account--Order of withdrawals from account. - 57A-4A-504. Order in which items and payment orders may be...

Section 57A-4A-505 - Preclusion of objection to debit of customer's account. - 57A-4A-505. Preclusion of objection to debit of customer's account. If...

Section 57A-4A-506 - Rate of interest. - 57A-4A-506. Rate of interest. (a) If, under this chapter, a...

Section 57A-4A-507 - Choice of law. - 57A-4A-507. Choice of law. (a) The following rules apply unless...

Chapter 05 - Letters Of Credit

Section 57A-5-101 - Short title. - 57A-5-101. Short title. This chapter may be cited as Uniform...

Section 57A-5-102 - Definitions. - 57A-5-102. Definitions. (a) In this chapter: (1)"Adviser" means a person...

Section 57A-5-103 - Scope. - 57A-5-103. Scope. (a) This chapter applies to letters of credit...

Section 57A-5-104 - Formal requirements. - 57A-5-104. Formal requirements. A letter of credit, confirmation, advice, transfer,...

Section 57A-5-105 - Consideration. - 57A-5-105. Consideration. Consideration is not required to issue, amend, transfer,...

Section 57A-5-106 - Issuance, amendment, cancellation, and duration. - 57A-5-106. Issuance, amendment, cancellation, and duration. (a) A letter of...

Section 57A-5-107 - Confirmer, nominated person, and adviser. - 57A-5-107. Confirmer, nominated person, and adviser. (a) A confirmer is...

Section 57A-5-108 - Issuer's rights and obligations. - 57A-5-108. Issuer's rights and obligations. (a) Except as otherwise provided...

Section 57A-5-110 - Warranties. - 57A-5-110. Warranties. (a) If its presentation is honored, the beneficiary...

Section 57A-5-111 - Remedies. - 57A-5-111. Remedies. (a) If an issuer wrongfully dishonors or repudiates...

Section 57A-5-112 - Transfer of letter of credit. - 57A-5-112. Transfer of letter of credit. (a) Except as otherwise...

Section 57A-5-113 - Transfer by operation of law. - 57A-5-113. Transfer by operation of law. (a) A successor of...

Section 57A-5-114 - Assignment of proceeds. - 57A-5-114. Assignment of proceeds. (a) In this section, "proceeds of...

Section 57A-5-115 - Statute of limitations. - 57A-5-115. Statute of limitations. An action to enforce a right...

Section 57A-5-116 - Choice of law and forum. - 57A-5-116. Choice of law and forum. (a) The liability of...

Section 57A-5-117 - Subrogation of issuer, applicant, and nominated person. - 57A-5-117. Subrogation of issuer, applicant, and nominated person. (a) An...

Section 57A-5-118 - Issuer's security interest in document presented under letter of credit. - 57A-5-118. Issuer's security interest in document presented under letter of...

Chapter 07 - Documents Of Title

Section 57A-7-101 - Short title. - 57A-7-101. Short title. This chapter may be cited as Uniform...

Section 57A-7-102 - Definitions and index of definitions. - 57A-7-102. Definitions and index of definitions. (a) In this chapter,...

Section 57A-7-103 - Relation of chapter to treaty or statute. - 57A-7-103.Relation of chapter to treaty or statute. (a) This chapter...

Section 57A-7-104 - Negotiable and nonnegotiable document of title. - 57A-7-104. Negotiable and nonnegotiable document of title. (a) A document...

Section 57A-7-105 - Reissuance in alternative medium. - 57A-7-105. Reissuance in alternative medium. (a) Upon request of a...

Section 57A-7-106 - Control of electronic document of title. - 57A-7-106. Control of electronic document of title. (a) A person...

Section 57A-7-201 - Person that may issue a warehouse receipt--Storage under bond. - 57A-7-201. Person that may issue a warehouse receipt--Storage under bond....

Section 57A-7-202 - Form of warehouse receipt--Effect of omission. - 57A-7-202. Form of warehouse receipt--Effect of omission. (a) A warehouse...

Section 57A-7-203 - Liability for nonreceipt or misdescription. - 57A-7-203. Liability for nonreceipt or misdescription. A party to or...

Section 57A-7-204 - Duty of care--Contractual limitation of warehouse's liability. - 57A-7-204. Duty of care--Contractual limitation of warehouse's liability. (a) A...

Section 57A-7-205 - Title under warehouse receipt defeated in certain cases. - 57A-7-205. Title under warehouse receipt defeated in certain cases. A...

Section 57A-7-206 - Termination of storage at warehouse's option. - 57A-7-206. Termination of storage at warehouse's option. (a) A warehouse,...

Section 57A-7-207 - Goods to be kept separate--Fungible goods. - 57A-7-207. Goods to be kept separate--Fungible goods. (a) Unless the...

Section 57A-7-208 - Altered warehouse receipts. - 57A-7-208. Altered warehouse receipts. If a blank in a negotiable...

Section 57A-7-209 - Lien of warehouse. - 57A-7-209. Lien of warehouse. (a) A warehouse has a lien...

Section 57A-7-210 - Enforcement of warehouse's lien. - 57A-7-210. Enforcement of warehouse's lien. (a) Except as otherwise provided...

Section 57A-7-301 - Liability for nonreceipt or misdescription--"Said to contain"--"Shipper's weight, load, and count"--Improper handling. - 57A-7-301. Liability for nonreceipt or misdescription--"Said to contain"--"Shipper's weight, load,...

Section 57A-7-302 - Through bills of lading and similar documents of title. - 57A-7-302. Through bills of lading and similar documents of title....

Section 57A-7-303 - Diversion--Reconsignment--Change of instructions. - 57A-7-303. Diversion--Reconsignment--Change of instructions. (a) Unless the bill of lading...

Section 57A-7-304 - Tangible bills of lading in a set. - 57A-7-304. Tangible bills of lading in a set. (a) Except...

Section 57A-7-305 - Destination bills. - 57A-7-305. Destination bills. (a) Instead of issuing a bill of...

Section 57A-7-306 - Altered bills of lading. - 57A-7-306. Altered bills of lading. An unauthorized alteration or filling...

Section 57A-7-307 - Lien of carrier. - 57A-7-307. Lien of carrier. (a) A carrier has a lien...

Section 57A-7-308 - Enforcement of carrier's lien. - 57A-7-308. Enforcement of carrier's lien. (a) A carrier's lien on...

Section 57A-7-309 - Duty of care--Contractual limitation of carrier's liability. - 57A-7-309. Duty of care--Contractual limitation of carrier's liability. (a) A...

Section 57A-7-401 - Irregularities in issue of receipt or bill or conduct of issuer. - 57A-7-401. Irregularities in issue of receipt or bill or conduct...

Section 57A-7-402 - Duplicate document of title--Overissue. - 57A-7-402. Duplicate document of title--Overissue. A duplicate or any other...

Section 57A-7-403 - Obligation of bailee to deliver--Excuse. - 57A-7-403. Obligation of bailee to deliver--Excuse. (a) A bailee shall...

Section 57A-7-404 - No liability for good-faith delivery pursuant to document of title. - 57A-7-404. No liability for good-faith delivery pursuant to document of...

Section 57A-7-501 - Form of negotiation and requirements of due negotiation. - 57A-7-501. Form of negotiation and requirements of due negotiation. (a)...

Section 57A-7-502 - Rights acquired by due negotiation. - 57A-7-502. Rights acquired by due negotiation. (a) Subject to §§57A-7-205...

Section 57A-7-503 - Document of title to goods defeated in certain cases. - 57A-7-503. Document of title to goods defeated in certain cases....

Section 57A-7-504 - Rights acquired in absence of due negotiation--Effect of diversion--Stoppage of delivery. - 57A-7-504. Rights acquired in absence of due negotiation--Effect of diversion--Stoppage...

Section 57A-7-505 - Indorser not guarantor for other parties. - 57A-7-505. Indorser not guarantor for other parties. The indorsement of...

Section 57A-7-506 - Delivery without indorsement--Right to compel indorsement. - 57A-7-506. Delivery without indorsement--Right to compel indorsement. The transferee of...

Section 57A-7-507 - Warranties on negotiation or delivery of document of title. - 57A-7-507. Warranties on negotiation or delivery of document of title....

Section 57A-7-508 - Warranties of collecting bank as to documents of title. - 57A-7-508. Warranties of collecting bank as to documents of title....

Section 57A-7-509 - Adequate compliance with commercial contract. - 57A-7-509. Adequate compliance with commercial contract. Whether a document of...

Section 57A-7-601 - Lost, stolen, or destroyed documents of title. - 57A-7-601. Lost, stolen, or destroyed documents of title. (a) If...

Section 57A-7-602 - Judicial process against goods covered by negotiable document of title. - 57A-7-602. Judicial process against goods covered by negotiable document of...

Section 57A-7-603 - Conflicting claims--Interpleader. - 57A-7-603. Conflicting claims--Interpleader. If more than one person claims title...

Section 57A-7-701 - Applicability. - 57A-7-701. Applicability. This chapter applies to a document of title...

Section 57A-7-702 - Savings clause. - 57A-7-702. Savings clause. A document of title issued or a...

Chapter 08 - Investment Securities

Section 57A-8-101 - Short title. - 57A-8-101. Short title. This chapter may be cited as Uniform...

Section 57A-8-102 - Definitions. - 57A-8-102. Definitions. (a) In this chapter: (1)"Adverse claim" means a...

Section 57A-8-103 - Rules for determining whether certain obligations and interests are securities or financial assets. - 57A-8-103. Rules for determining whether certain obligations and interests are...

Section 57A-8-104 - Acquisition of security or financial asset or interest therein. - 57A-8-104. Acquisition of security or financial asset or interest therein....

Section 57A-8-105 - Notice of adverse claim. - 57A-8-105. Notice of adverse claim. (a) A person has notice...

Section 57A-8-106 - Control. - 57A-8-106. Control. (a) A purchaser has "control" of a certificated...

Section 57A-8-107 - Whether endorsement, instruction, or entitlement order is effective. - 57A-8-107. Whether endorsement, instruction, or entitlement order is effective. (a)...

Section 57A-8-108 - Warranties in direct holding. - 57A-8-108. Warranties in direct holding. (a) A person who transfers...

Section 57A-8-109 - Warranties in indirect holding. - 57A-8-109. Warranties in indirect holding. (a) A person who originates...

Section 57A-8-110 - Applicability--Choice of law. - 57A-8-110. Applicability--Choice of law. (a) The local law of the...

Section 57A-8-111 - Clearing corporation rules. - 57A-8-111. Clearing corporation rules. A rule adopted by a clearing...

Section 57A-8-112 - Creditor's legal process. - 57A-8-112. Creditor's legal process. (a) The interest of a debtor...

Section 57A-8-113 - Statute of frauds inapplicable. - 57A-8-113. Statute of frauds inapplicable. A contract or modification of...

Section 57A-8-114 - Evidentiary rules concerning certificated securities. - 57A-8-114. Evidentiary rules concerning certificated securities. The following rules apply...

Section 57A-8-115 - Securities intermediary and others not liable to adverse claimant. - 57A-8-115. Securities intermediary and others not liable to adverse claimant....

Section 57A-8-116 - Securities intermediary as purchaser for value. - 57A-8-116. Securities intermediary as purchaser for value. A securities intermediary...

Section 57A-8-201 - Issuer. - 57A-8-201. Issuer. (a) With respect to an obligation on or...

Section 57A-8-202 - Issuer's responsibility and defenses; notice of defect or defense. - 57A-8-202. Issuer's responsibility and defenses; notice of defect or defense....

Section 57A-8-203 - Staleness as notice of defect or defense. - 57A-8-203. Staleness as notice of defect or defense. After an...

Section 57A-8-204 - Effect of issuer's restriction on transfer. - 57A-8-204. Effect of issuer's restriction on transfer. A restriction on...

Section 57A-8-205 - Effect of unauthorized signature on security certificate. - 57A-8-205. Effect of unauthorized signature on security certificate. An unauthorized...

Section 57A-8-206 - Completion or alteration of security certificate. - 57A-8-206. Completion or alteration of security certificate. (a) If a...

Section 57A-8-207 - Rights and duties of issuer with respect to registered owners. - 57A-8-207. Rights and duties of issuer with respect to registered...

Section 57A-8-208 - Effect of signature of authenticating trustee, registrar, or transfer agent. - 57A-8-208. Effect of signature of authenticating trustee, registrar, or transfer...

Section 57A-8-209 - Issuer's lien. - 57A-8-209. Issuer's lien. A lien in favor of an issuer...

Section 57A-8-210 - Overissue. - 57A-8-210. Overissue. (a) In this section, "overissue" means the issue...

Section 57A-8-301 - Delivery. - 57A-8-301. Delivery. (a) Delivery of a certificated security to a...

Section 57A-8-302 - Rights of purchaser. - 57A-8-302. Rights of purchaser. (a) Except as otherwise provided in...

Section 57A-8-303 - Protected purchaser. - 57A-8-303. Protected purchaser. (a) "Protected purchaser" means a purchaser of...

Section 57A-8-304 - Indorsement. - 57A-8-304. Indorsement. (a) An indorsement may be in blank or...

Section 57A-8-305 - Instruction. - 57A-8-305. Instruction. (a) If an instruction has been originated by...

Section 57A-8-306 - Effect of guaranteeing signature, indorsement, or instruction. - 57A-8-306. Effect of guaranteeing signature, indorsement, or instruction. (a) A...

Section 57A-8-307 - Purchaser's right to requisites for registration of transfer. - 57A-8-307. Purchaser's right to requisites for registration of transfer. Unless...

Section 57A-8-401 - Duty of issuer to register transfer. - 57A-8-401. Duty of issuer to register transfer. (a) If a...

Section 57A-8-402 - Assurance that indorsement or instruction is effective. - 57A-8-402. Assurance that indorsement or instruction is effective. (a) An...

Section 57A-8-403 - Demand that issuer not register transfer. - 57A-8-403. Demand that issuer not register transfer. (a) A person...

Section 57A-8-404 - Wrongful registration. - 57A-8-404. Wrongful registration. (a) Except as otherwise provided in §57A-8-406,...

Section 57A-8-405 - Replacement of lost, destroyed, or wrongfully taken security certificate. - 57A-8-405. Replacement of lost, destroyed, or wrongfully taken security certificate....

Section 57A-8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate. - 57A-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully...

Section 57A-8-407 - Authenticating trustee, transfer agent, and registrar. - 57A-8-407. Authenticating trustee, transfer agent, and registrar. A person acting...

Section 57A-8-501 - Securities account; acquisition of security entitlement from securities intermediary. - 57A-8-501. Securities account; acquisition of security entitlement from securities intermediary....

Section 57A-8-502 - Assertion of adverse claim against entitlement holder. - 57A-8-502. Assertion of adverse claim against entitlement holder. An action...

Section 57A-8-503 - Property interest of entitlement holder in financial asset held by securities intermediary. - 57A-8-503. Property interest of entitlement holder in financial asset held...

Section 57A-8-504 - Duty of securities intermediary to maintain financial asset. - 57A-8-504. Duty of securities intermediary to maintain financial asset. (a)...

Section 57A-8-505 - Duty of securities intermediary with respect to payments and distributions. - 57A-8-505. Duty of securities intermediary with respect to payments and...

Section 57A-8-506 - Duty of securities intermediary to exercise rights as directed by entitlement holder. - 57A-8-506. Duty of securities intermediary to exercise rights as directed...

Section 57A-8-507 - Duty of securities intermediary to comply with entitlement order. - 57A-8-507. Duty of securities intermediary to comply with entitlement order....

Section 57A-8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding. - 57A-8-508. Duty of securities intermediary to change entitlement holder's position...

Section 57A-8-509 - Specification of duties of securities intermediary by other statute or regulation; Manner of performance of duties of securities intermediary and exercise of rights of entitlement holder. - 57A-8-509. Specification of duties of securities intermediary by other statute...

Section 57A-8-510 - Rights of purchaser of security entitlement from entitlement holder. - 57A-8-510. Rights of purchaser of security entitlement from entitlement holder....

Section 57A-8-511 - Priority among security interests and entitlement holders. - 57A-8-511. Priority among security interests and entitlement holders. (a) Except...

Section 57A-8-603 - Savings clause. - 57A-8-603. Savings clause. (a) This chapter does not affect an...

Chapter 09 - Secured Transactions

Section 57A-9-101 - Short title. - 57A-9-101. Short title. This chapter may be cited as Uniform...

Section 57A-9-102 - Definitions and index of definitions. - 57A-9-102. Definitions and index of definitions. (a) In this chapter:...

Section 57A-9-103 - Purchase money security interest--Application of payments--Burden of establishing nature of interest. - 57A-9-103. Purchase money security interest--Application of payments--Burden of establishing nature...

Section 57A-9-104 - Control of deposit account. - 57A-9-104. Control of deposit account. (a) A secured party has...

Section 57A-9-105 - Control of electronic chattel paper. - 57A-9-105. Control of electronic chattel paper. (a) A secured party...

Section 57A-9-106 - Control of security, security settlement, or commodity contract. - 57A-9-106. Control of security, security settlement, or commodity contract. (a)...

Section 57A-9-107 - Control of letter-of-credit right. - 57A-9-107. Control of letter-of-credit right. A secured party has control...

Section 57A-9-108 - Sufficiency of description of property. - 57A-9-108. Sufficiency of description of property. (a) Except as otherwise...

Section 57A-9-109 - Application of chapter. - 57A-9-109. Application of chapter. (a) Except as otherwise provided in...

Section 57A-9-110 - Provisions governing security interests arising under other sections. - 57A-9-110. Provisions governing security interests arising under other sections. A...

Section 57A-9-201 - Effectiveness of security interest in general--Applicability of other laws--Conflict of law. - 57A-9-201. Effectiveness of security interest in general--Applicability of other laws--Conflict...

Section 57A-9-202 - Immateriality of title to collateral. - 57A-9-202. Immateriality of title to collateral. Except as otherwise provided...

Section 57A-9-203 - Attachment and enforceability of security interest--Proceeds--Supporting obligations--Formal requisites - 57A-9-203. Attachment and enforceability of security interest--Proceeds--Supporting obligations--Formal requisites (a)...

Section 57A-9-204 - Interest in after-acquired collateral. - 57A-9-204. Interest in after-acquired collateral. (a) Except as otherwise provided...

Section 57A-9-204.1 - Attachment of security interest in transactions entered into between June 30, 1978, and July 1, 1979. - 57A-9-204.1. Attachment of security interest in transactions entered into between...

Section 57A-9-205 - Effect of debtor's right to use or dispose of collateral--Requirement of possession. - 57A-9-205. Effect of debtor's right to use or dispose of...

Section 57A-9-206 - Interest in favor of securities intermediary--Interest in favor of person who delivers financial asset. - 57A-9-206. Interest in favor of securities intermediary--Interest in favor of...

Section 57A-9-207 - Rights and duties of secured party having possession or control of collateral. - 57A-9-207. Rights and duties of secured party having possession or...

Section 57A-9-208 - Additional duties of secured party having control of collateral. - 57A-9-208. Additional duties of secured party having control of collateral....

Section 57A-9-209 - Secured party's obligation to release account debtor that has received note of assignment. - 57A-9-209. Secured party's obligation to release account debtor that has...

Section 57A-9-210 - Response to request for accounting, statement of account, or list of collateral. - 57A-9-210. Response to request for accounting, statement of account, or...

<< Previous

Next >>

South Dakota Codified Laws Title 57A - Uniform Commercial Code

South Dakota Codified Laws
Title 57A - Uniform Commercial Code