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16 chapters · 664 sections in this title.
SDCL § 57A-3A-101 Definition of terms
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Terms as used in this chapter, unless the context otherwise requires mean: (1) "Consumer goods or services," all goods and services purchased at retail and bought for use primarily for personal, family or household purposes. (2) "Retail seller," as "Retailer" is defined in § 10-4…
SDCL § 57A-3A-102 Instruments to be marked consumer paper--Holder not holder in due course
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If any contract for sale or lease of consumer goods or services on credit, entered into between a retail seller and a retail buyer, requires or involves the execution of a promissory note, instrument or other evidence of indebtedness, hereinafter called instrument, such instrumen…
SDCL § 57A-3A-103 Failure to mark consumer paper as misdemeanor
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Any retail seller or other responsible person who fails to imprint conspicuously the words "consumer paper" on an instrument arising out of a consumer credit sale as described in this chapter shall be guilty of a Class 2 misdemeanor. Source: SL 1973, ch 295 , § 5; SDCL Supp, § 57…
SDCL § 57A-3A-104 Assignee of consumer paper not holder in due course though instrument unmarked--Contrary agreement void
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Notwithstanding the absence of such notice on an instrument arising out of a consumer credit sale or consumer lease as described in this chapter, an assignee of the rights of the seller or lessor shall not be deemed a holder in due course. Any agreement to the contrary shall be o…
