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2020 South Dakota Codified Laws
Title 57A - Uniform Commercial Code
Chapter 03A - Consumer Paper--Limitations On Negotiability
Section 57A-3A-105 - Assignee's liability restricted to amount owed--Defense or setoff.
Universal Citation: SD Codified L § 57A-3A-105 (2020)
57A-3A-105. Assignee's liability restricted to amount owed--Defense or setoff.
The assignee's liability under this part may not exceed the amount owing to the assignee at the time the defense is asserted against the assignee, and the rights of the retail buyer can only be asserted as a matter of defense to or setoff against a claim by the assignee.
Source: SL 1973, ch 295, §3; SDCL Supp, §57-10A-5.
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