FOR AN ACT ENTITLED, An Act to  require the secretary of state to grant access to secured parties to record certain financing statements for security interests or agricultural liens.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 57A-9-501.2 be amended to read as follows:
     57A-9-501.2.   The secretary of state shall conduct a pilot maintain a program granting a secured party the access to allow the secured party to file and provide a procedure to record the secured party's liens on real property pursuant to §   57A-9-501 through the state's computer system . The secretary shall determine the procedure and the parameters on how the pilot program shall be implemented and select the lenders to participate in the pilot program to record liens on real property pursuant to §  57A-9-501 . The secretary may promulgate rules, pursuant to chapter 1-26, concerning the procedure for providing a secured party access to, adequate security for, and confidentiality of any public records related to the secured party's liens listed on the state's computer system.
     Section  2.  That section 2 of chapter 226 of the 2002 Session Laws be repealed.

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350 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.027 per page.   .   Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.  

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