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

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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.

State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-03a > Statute-57a-3a-104

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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Statutes > South-dakota > Title-57a > Chapter-03a > Statute-57a-3a-104

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.