S.D. Codified Laws § 57A-8-502 (2026)
An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under § 57A-8-501 for value and without notice of the adverse claim.
Source: SL 1998, ch 284 , § 1.