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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 09A - Corporate Farming Restrictions > Section 47-9A-6 - Encumbrance taken for security exempt.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-9A-6 - Encumbrance taken for security exempt.

47-9A-6. Encumbrance taken for security exempt. The restrictions provided in §§ 47-9A-1 and 47-9A-3 do not apply to a bona fide encumbrance taken for purposes of security.

Source: SL 1974, ch 294, § 4 (1); SL 2004, ch 277, § 4.

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