S.D. Codified Laws § 57A-1-301
This is the official text of S.D. Codified Laws § 57A-1-301, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Territorial applicability--Parties' power to choose applicable law
Official statutory text
(1) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties. Failing such agreement this title applies to transactions bearing an appropriate relation to this state.
(2) Where one of the following provisions of this title specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law (including the conflict of laws rules) so specified:
Rights of creditors against sold goods. § 57A-2-402 .
Applicability of the chapter on leases. §§ 57A-2A-105 and 57A-2A-106 .
Applicability of the chapters on bank deposits and collections. § 57A-4-102 .
Governing law in the chapter on funds transfers. § 57A-4A-507 .
Letters of Credit. § 57A-5-116 .
Applicability of the chapters on investment securities. § 57A-8-110 .
Law governing perfection, the effect of perfection or nonperfection, and the priority of security interests and agricultural liens. §§ 57A-9-301 to 57A-9-307 , inclusive.
Law governing controllable electronic records. § 57A-12-107 .
Source: SL 2008, ch 259, § 15; SL 2024, ch 198, § 4.
(2) Where one of the following provisions of this title specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law (including the conflict of laws rules) so specified:
Rights of creditors against sold goods. § 57A-2-402 .
Applicability of the chapter on leases. §§ 57A-2A-105 and 57A-2A-106 .
Applicability of the chapters on bank deposits and collections. § 57A-4-102 .
Governing law in the chapter on funds transfers. § 57A-4A-507 .
Letters of Credit. § 57A-5-116 .
Applicability of the chapters on investment securities. § 57A-8-110 .
Law governing perfection, the effect of perfection or nonperfection, and the priority of security interests and agricultural liens. §§ 57A-9-301 to 57A-9-307 , inclusive.
Law governing controllable electronic records. § 57A-12-107 .
Source: SL 2008, ch 259, § 15; SL 2024, ch 198, § 4.
Status: in_force · Read it on the official government site
Need a lawyer in South Dakota?
Find a South Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.