South Dakota § 54-6A-6 Provisions prohibited in agreements.

South Dakota Statutes

§ 54-6A-6 — Provisions prohibited in agreements.

South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-6A LEASE-PURCHASE AGREEMENTS FOR PERSONAL PROPERTY

A lease - purchase agreement may not contain:

(1)A confession of judgment;

(2)A negotiable instrument;

(3)A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease - purchase agreement;

(4)A wage assignment;

(5)A waiver by the consumer of claims or defenses; or (6) A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of goods.

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A lease - purchase agreement may not contain: (1) A confession of judgment; (2) A negotiable instrument; (3) A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease - purchase agreement; (4) A wage assignment; (5) A waiver by the consumer of claims or defenses; or (6) A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the consumer's premises or to commit any breach of the peace in the repossession of goods.

South Dakota § 54-6A-6 (Provisions prohibited in agreements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.