S.D. Codified Laws § 57A-3A-107

Current through the 2024 Legislative Session
Section 57A-3A-107 - Holder as holder in due course after notice given and complaint or defense not asserted

The holder of an instrument, defined as "consumer paper" by § 57A-3A-102 may be deemed a holder in due course if the assignee gives written notice to the retail buyer as provided in § 57A-3A-106, and the assignee receives no written notification from the retail buyer of a complaint or defense as provided in § 57A-3A-106.

SDCL 57A-3A-107

SL 1973, ch 295, § 4; SDCL Supp, § 57-10A-7.