The SDBA, along with representatives of the ICB of South Dakota, have been actively discussing ways to better assure the ongoing accuracy of UCC filings with the South Dakota Secretary of State. 

The Secretary of State's Office has compiled a slideshow walking through the UCC verification, termination and auditing procedures that are currently available in the central filing system. The slideshow is intended to give users of the system a better understanding of how the system currently works and provides for filings as well as notifications. View the slideshow. 

HB1248 now before the South Dakota Legislature proposes to give the South Dakota Secretary of State some additional authority to either refuse to accept or to reject UCC filings that are materially false, fraudulent or obviously deficient in some respect. The SDBA believes that passage of HB1248 would positively enhance the authorities of the Secretary of State as the administrator of the central filing system. The bill passed the House yesterday on a vote of 63-3 and it headed to the Senate for consideration. View HB1248.