Finance
In South Dakota, a 'chattel mortgage' or security interest in personal property (like fixtures or equipment) is governed by:
ASDCL Chapter 36-21A
BArticle 9 of the Uniform Commercial Code (UCC)✓ Correct
CFederal Reserve regulations
DSouth Dakota mortgage licensing law
Explanation
Security interests in personal property (fixtures, equipment) are governed by Article 9 of the Uniform Commercial Code (UCC), adopted in South Dakota. Real property mortgages are governed by state real estate law.
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