South Dakota Statutes
§ 57A-3A-106 — Notice to buyer of assignment of paper--Contents--Defenses waived by failure to notify holder.
South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-3A CONSUMER PAPER--LIMITATIONS ON NEGOTIABILITY
The assignee shall give written notice of the fact of assignment to the retail buyer. Such notification shall contain conspicuous notice to the retail buyer that the retail buyer has sixty days within which to notify the holder in writing of any complaint or defense the retail buyer may have against the retail seller; and that if such written notification of the complaint or defense is not received by the holder within such sixty - day period, the holder shall have the right to enforce such instrument free of any such defenses or setoff the retail buyer may have against the retail seller, and thereafter such instrument shall not be deemed consumer paper.
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South Dakota § 57A-3A-106 (Notice to buyer of assignment of paper--Contents--Defenses waived by failure to notify holder.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1973, ch 295, § 4; SDCL Supp, § 57-10A-6.
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
Central bank digital currency.