The filing office may not remove a debtor's name from the index until one year after the effectiveness of a financing statement naming the debtor lapses under § 57A-9-515 with respect to all secured parties of record.

Source: 28 SDR 23, effective July 18, 2001 ; 42 SDR 177, effective June 30, 2016 .

General Authority: SDCL 57A-9-526.

Law Implemented: SDCL 57A-9-525.2 , 57A-9-515, 57A-9-519(g) .

Prior versions effective: 2001-07-18.