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Instructions for Form EFS-3 Financing Statement - South Dakota
This document contains official instructions for Form EFS-3 , Financing Statement - a form released and collected by the South Dakota Secretary of State. An up-to-date fillable Form EFS-3 is available for download through this link.
FAQ
Q: What is Form EFS-3?
A: Form EFS-3 is a financing statement used in South Dakota.
Q: What is a financing statement?
A: A financing statement is a legal document that provides public notice of a security interest in personal property.
Q: Who should use Form EFS-3?
A: Form EFS-3 should be used by individuals or entities that want to establish a security interest in personal property in South Dakota.
Q: What information is required on Form EFS-3?
A: Form EFS-3 requires information about the debtor, secured party, collateral, and any other relevant details about the security interest.
Q: How do I file Form EFS-3?
A: Form EFS-3 can be filed electronically or through mail with the South Dakota Secretary of State's office.
Q: How long is Form EFS-3 valid?
A: Form EFS-3 is generally valid for five years from the date of filing, unless a continuation statement is filed to extend the validity period.
Q: What happens if I don't file Form EFS-3?
A: If you don't file Form EFS-3, your security interest may not be enforceable against third parties.
Q: Can I make changes to a filed Form EFS-3?
A: No, once Form EFS-3 is filed, you cannot make changes to it. You will need to file a new financing statement if any changes are necessary.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the South Dakota Secretary of State.
