21-57-2. Final judgment required before liability asserted.
No holder or assignee for collection may assert that any maker, drawer, or issuer has any liability pursuant to §21-57-1 unless such liability has been determined by entry of a final judgment by a court of competent jurisdiction.
Source: SL 1999, ch 112, §2.
Structure South Dakota Codified Laws
Chapter 57 - Recovery Of Damages For Instruments Not Paid Upon Presentment
Section 21-57-2 - Final judgment required before liability asserted.
Section 21-57-3 - No liability in certain circumstances.
Section 21-57-4 - Notice of dishonor--Writing--Service.
Section 21-57-5 - Notice of dishonor--Information required.
Section 21-57-6 - Instruments and actions for recovery may be combined--Venue.