South Dakota § 57A-3-422 Circumstances under which issuer of dishonored check liable--Reasonable costs and expenses.

South Dakota Statutes

§ 57A-3-422 — Circumstances under which issuer of dishonored check liable--Reasonable costs and expenses.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A NEGOTIABLE INSTRUMENTS

Any person who issues a check or other draft to the state or any of its political subdivisions that is not honored for any of the following reasons upon presentation is liable for all reasonable costs and expenses of collection:

(1)The drawer's account is closed;

(2)The drawer's account does not have sufficient funds; or (3) The drawer does not have sufficient credit with the drawee. The costs and expenses provided for in this section are considered reasonable if they do not exceed forty dollars.

Free access — add to your briefcase to read the full text and ask questions with AI

Any person who issues a check or other draft to the state or any of its political subdivisions that is not honored for any of the following reasons upon presentation is liable for all reasonable costs and expenses of collection: (1) The drawer's account is closed; (2) The drawer's account does not have sufficient funds; or (3) The drawer does not have sufficient credit with the drawee. The costs and expenses provided for in this section are considered reasonable if they do not exceed forty dollars.

South Dakota § 57A-3-422 (Circumstances under which issuer of dishonored check liable--Reasonable costs and expenses.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.