South Dakota Codified Laws
Chapter 03A - Consumer Paper--Limitations On Negotiability
Section 57A-3A-104 - Assignee of consumer paper not holder in due course though instrument unmarked--Contrary agreement void.

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.

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

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 57A - Uniform Commercial Code

Chapter 03A - Consumer Paper--Limitations On Negotiability

Section 57A-3A-101 - Definition of terms.

Section 57A-3A-102 - Instruments to be marked consumer paper--Holder not holder in due course.

Section 57A-3A-103 - Failure to mark consumer paper as misdemeanor.

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

Section 57A-3A-105 - Assignee's liability restricted to amount owed--Defense or setoff.

Section 57A-3A-106 - Notice to buyer of assignment of paper--Contents--Defenses waived by failure to notify holder.

Section 57A-3A-107 - Holder as holder in due course after notice given and complaint or defense not asserted.