S.D. Codified Laws § 54-9-12

Current through the 2024 Legislative Session

Section 54-9-12 - Disposal or conversion of estate-Authority of assignee

Until the inventory and affidavit have been made, and the assignment has been duly recorded and the inventory filed, and the assignee has given a bond, an assignee for the benefit of creditors has no authority to dispose of the estate or convert it for the purposes of the trust.

SDCL 54-9-12

CivC 1877, § 2041; CL 1887, § 4674; RCivC 1903, § 2386; RC 1919, § 2059; SDC 1939 & Supp 1960, § 37.5108.