™Your Policy Risk Impact Agent
19 chapters · 279 sections in this title.
SDCL § 54-9-1 Execution of assignment by insolvent debtor
0.6K chars
An insolvent debtor, as defined by the statutes of fraudulent conveyance, may, in good faith, execute an assignment of property to one or more assignees, in trust towards the satisfaction of his creditors, in conformity to the provisions of this chapter, subject, however, to the …
SDCL § 54-9-10 Assent of creditors necessary to modification of assignment
0.4K chars
An assignment for the benefit of creditors, which has been executed and recorded so as to transfer the property to the assignee, cannot afterward be canceled or modified by the parties thereto, without the consent of every creditor affected thereby. Source: CivC 1877, § 2046; CL …
SDCL § 54-9-11 Bond of assignee--Amount--Approval of sureties by circuit court--Terms and conditions
0.6K chars
Within thirty days after the date of an assignment for the benefit of creditors, the assignee must enter into a bond to this state, in double the amount of the value of the property assigned, with sufficient sureties, to be approved by the judge of the circuit court for the count…
SDCL § 54-9-12 Disposal or conversion of estate--Authority of assignee
0.4K chars
Until the inventory and affidavit have been made, and the assignment has been duly recorded and the inventory filed, and the assignee has given a bond, an assignee for the benefit of creditors has no authority to dispose of the estate or convert it for the purposes of the trust. …
