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Code · South Dakota · Title 54 · Chapter 54-6

54-6A-3. Agreements exempt from other laws.

120 words·~1 min read·/sd/title-54/chapter-54-6/54-6a-3·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Lease - purchase agreements which comply with this chapter are not subject to the laws relating to:
(1)A consumer transaction in chapter 54-3A ;
(2)A security interest defined in § 57A-1-201 ; or
(3)A lease in chapter 57A-2A .
This chapter does not apply to the following:
(1)Lease - purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(2)A lease of a safe deposit box;
(3)A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the leased property; or
(4)A lease of a motor vehicle.
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