S.D. Codified Laws § 57A-3A-107

This is the official text of S.D. Codified Laws § 57A-3A-107, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.

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Holder as holder in due course after notice given and complaint or defense not asserted

Official statutory text

The holder of an instrument, defined as "consumer paper" by § 57A-3A-102 may be deemed a holder in due course if the assignee gives written notice to the retail buyer as provided in § 57A-3A-106 , and the assignee receives no written notification from the retail buyer of a complaint or defense as provided in § 57A-3A-106 .

Source: SL 1973, ch 295, § 4; SDCL Supp, § 57-10A-7.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.