S.D. Codified Laws § 57A-3A-104

Current through the 2024 Legislative Session

Section 57A-3A-104 - Assignee of consumer paper not holder in due course though instrument unmarked-Contrary agreement void

Notwithstanding the absence of such notice on an instrument arising out of a consumer credit sale or consumer lease as described in this chapter, an assignee of the rights of the seller or lessor shall not be deemed a holder in due course. Any agreement to the contrary shall be of no force or effect in limiting the rights of a retail buyer under this chapter.

SDCL 57A-3A-104

SL 1973, ch 295, § 3; SDCL Supp, § 57-10A-4.