There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 54 DEBTOR AND CREDITOR
Chapter 09. Assignment For Benefit Of Creditors
§54-9-6 Property exempt from execution--Life insurance--Effect of assignment.
SD Codified L § 54-9-6 (through 2011) What's This?
54-9-6. Property exempt from execution--Life insurance--Effect of assignment. Property exempt from execution, and insurance upon the life of the assignor, to the extent of five thousand dollars, do not pass to the assignee by a general assignment for the benefit of creditors, unless the instrument specially mentions them, and declares an intention that they should pass thereby.
Source: CivC 1877, § 2043; CL 1887, § 4677; RCivC 1903, § 2389; RC 1919, § 2062; SDC 1939 & Supp 1960, § 37.5111.
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