SDCL § 57A-3A-104: Assignee of consumer paper not holder in due course though instrument unmarked--Contrary agreement void.
Where this section sits in the code
- TITLE 57A. UNIFORM COMMERCIAL CODE
- CHAPTER 57A-3A. CONSUMER PAPER--LIMITATIONS ON NEGOTIABILITY
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 of no force or effect in limiting the rights of a retail buyer under this chapter.
Source: SL 1973, ch 295, § 3; SDCL Supp, § 57-10A-4.
Collected 2026-09-03T15:18:57Z. Source file · JSON