South Dakota Statutes
§ 43-42-5 — Debtor unaware of assignment--Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee.
In any case where, acting without knowledge of an assignment described by § 43-42-4 , the debtor in good faith pays all or part of such account to the assignor, or to such creditor, subsequent purchaser, or other assignee or transferee, such payment shall be acquittance to the debtor to the extent thereof, and such assignor, creditor, subsequent purchaser, or other assignee or transferee shall be a trustee of any sums so paid and shall be accountable and liable to the prior assignee therefor.
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South Dakota § 43-42-5 (Debtor unaware of assignment--Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SDC 1939, § 51.0803 as added by SL 1945, ch 213.
Nearby Sections
15
§ 43-1-1
Property defined.§ 43-1-2
Classes of property.§ 43-1-4
Land as solid material of earth.§ 43-1-6
Law governing real property.§ 43-1-7
Law governing personal property.§ 43-10-13
Repealed§ 43-11-10
Power in trust defined.§ 43-11-11
General power in trust defined.§ 43-11-12
Special power in trust defined.§ 43-11-13
Capacity to create power.§ 43-11-14
Manner of creating power.§ 43-11-15
Vesting of power.