47-9A-6. Encumbrance taken for security exempt.
21 words·~1 min read·
/sd/title-47/chapter-47-9/47-9a-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The restrictions provided in §§ 47-9A-1 and 47-9A-3 do not apply to a bona fide encumbrance taken for purposes of security.