South Dakota Statutes
§ 57A-3A-105 — Assignee's liability restricted to amount owed--Defense or setoff.
South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-3A CONSUMER PAPER--LIMITATIONS ON NEGOTIABILITY
The assignee's liability under this part may not exceed the amount owing to the assignee at the time the defense is asserted against the assignee, and the rights of the retail buyer can only be asserted as a matter of defense to or setoff against a claim by the assignee.
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South Dakota § 57A-3A-105 (Assignee's liability restricted to amount owed--Defense or setoff.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1973, ch 295, § 3; SDCL Supp, § 57-10A-5.
Nearby Sections
15
§ 57A-1-101
Short title.§ 57A-1-102
Scope of chapter.§ 57A-1-104
Construction against implied repeal.§ 57A-1-105
Severability.§ 57A-1-106
Use of singular and plural--Gender.§ 57A-1-107
Section captions.§ 57A-1-201
General definitions.§ 57A-1-202
Notice--Knowledge.§ 57A-1-203
Lease distinguished from security interest.§ 57A-1-204
Value.§ 57A-1-205
Reasonable time--Seasonableness.§ 57A-1-206
Presumptions.§ 57A-1-207
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