amend provisions of the Uniform Commercial Code.

Summary

The bill revises several sections of South Dakota’s Uniform Commercial Code, defining which state’s laws apply to securities issuers, intermediaries, and commodity intermediaries, and setting priority rules when those intermediaries lack enough assets to satisfy all claimants. It affects issuers, securities and commodity intermediaries, entitlement holders, creditors, and purchasers of securities or commodity contracts. The changes aim to reduce legal uncertainty in cross‑jurisdictional transactions.

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