21-3B-7. Disputes decided under state law.
Any transfer agreement entered into on or after July 1, 2001, by a payee who resides in this state shall provide that disputes under such transfer agreement, including any claim that the payee has breached the agreement, shall be determined in and under the laws of this state. No such transfer agreement may authorize the transferee or any other party to confess judgment or consent to entry of judgment against the payee.
Source: SL 2001, ch 106, ยง7.
Structure South Dakota Codified Laws
Chapter 03B - Structured Settlements
Section 21-3B-1 - Definitions.
Section 21-3B-2 - Transferee to provide disclosure statement--Information required.
Section 21-3B-4 - Rights and obligations following transfer.
Section 21-3B-6 - Payee may not waive provisions.
Section 21-3B-7 - Disputes decided under state law.
Section 21-3B-9 - No payee liability for failure to comply with chapter.
Section 21-3B-10 - Effect of chapter on existing laws and transfer agreements.
Section 21-3B-11 - Transferee solely responsible for certain requirements.