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2020 South Dakota Codified Laws
Title 57A - Uniform Commercial Code
Chapter 03A - Consumer Paper--Limitations On Negotiability
Section 57A-3A-107 - Holder as holder in due course after notice given and complaint or defense not asserted.
Universal Citation: SD Codified L § 57A-3A-107 (2020)
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.
Source: SL 1973, ch 295, §4; SDCL Supp, §57-10A-7.
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