South Dakota Statutes
§ 54-9-12 — Disposal or conversion of estate--Authority of assignee.
South Dakota § 54-9-12
This text of South Dakota § 54-9-12 (Disposal or conversion of estate--Authority of assignee.) 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 § 54-9-12 (2026).
Text
Until the inventory and affidavit have been made, and the assignment has been duly recorded and the inventory filed, and the assignee has given a bond, an assignee for the benefit of creditors has no authority to dispose of the estate or convert it for the purposes of the trust.
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Legislative History
CivC 1877, § 2041; CL 1887, § 4674; RCivC 1903, § 2386; RC 1919, § 2059; SDC 1939 & Supp 1960, § 37.5108.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-9-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-9-12.