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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 04 - General Powers Of Banks
§ 51A-4-22 Purchase of retail installment contract--Terms and effect of agreement.
Universal Citation: SD Codified L § 51A-4-22 (2017)
51A-4-22. Purchase of retail installment contract--Terms and effect of agreement. A bank may purchase or acquire or agree to purchase or acquire, from any seller, any retail installment contract on such terms and conditions and for such price as may be agreed upon between them. Any such agreement does not give rise to any agency relationship between the bank and such seller, neither being agent nor principal of the other.
Source: SL 1969, ch 11, § 4.17; SL 1988, ch 377, § 94; SDCL, § 51-18-18.
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