HB 1163 updates South Dakota's Uniform Commercial Code by clarifying and refining key definitions used in business and financial transactions, such as what constitutes an "agreement," "bank," "bearer," and "bill of lading." These changes ensure that the state's commercial law definitions align with modern business practices and remain consistent with how other states define these terms. The specific amendments modernize language around electronic documents and negotiable instruments to reflect current commerce practices.
This bill does not directly amend codified state law.
Signed by the Governor H.J. 410
Delivered to the Governor H.J. 384
Signed by the President S.J. 390
Signed by the Speaker H.J. 369
Senate Do Pass Passed, YEAS 27, NAYS 6. S.J. 366
Senate Remove from Consent Calendar S.J. 345
State Affairs Certified uncontested, placed on consent
State Affairs Do Pass Passed, YEAS 8, NAYS 0.
State Affairs Scheduled for hearing
First read in Senate and referred to Senate State Affairs S.J. 270
House of Representatives Do Pass Passed, YEAS 44, NAYS 21. H.J. 252
State Affairs Do Pass Passed, YEAS 12, NAYS 1. H.J. 1
State Affairs Scheduled for hearing H.J. 1
First read in House and referred to House State Affairs H.J. 176
David Wheeler
Prime sponsor · Sen.
R
Mike Stevens
Prime sponsor · Rep.
R
Cosponsors
Do Pass
State Affairs — Do Pass
Do Pass
State Affairs — Do Pass