South Dakota § 54-8-21 Assignment or transfer of property to preferred creditors as felony--Exception.

South Dakota Statutes

§ 54-8-21 — Assignment or transfer of property to preferred creditors as felony--Exception.

South Dakota § 54-8-21

Title 54DEBTOR AND CREDITOR

Ch. 54-8ACTS IN FRAUD OF CREDITORS

This text of South Dakota § 54-8-21 (Assignment or transfer of property to preferred creditors as felony--Exception.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 54-8-21 (2026).

Text

Every person who, knowing that his property is insufficient for the payment of all his lawful debts, assigns, transfers, or delivers any property for the benefit of any creditor, or creditors, upon any trust or condition that any creditor shall receive a preference or priority over any other, except in the cases in which such preference is expressly allowed to be given by law, or with intent to create such preference or priority, is guilty of a Class 6 felony.

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Every person who, knowing that his property is insufficient for the payment of all his lawful debts, assigns, transfers, or delivers any property for the benefit of any creditor, or creditors, upon any trust or condition that any creditor shall receive a preference or priority over any other, except in the cases in which such preference is expressly allowed to be given by law, or with intent to create such preference or priority, is guilty of a Class 6 felony.