{"data":{"id":"us-sd/sdcl-57a-9-618","jurisdiction":"us-sd","citation":"SDCL § 57A-9-618","heading":"Rights and duties of secondary obligor.","body":"(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) Receives an assignment of a secured obligation from the secured party;\n(2) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) Is subrogated to the rights of a secured party with respect to collateral.\n(b) An assignment, transfer, or subrogation described in subsection (a):\n(1) Is not a disposition of collateral under § 57A-9-610; and\n(2) Relieves the secured party of further duties under this chapter.\nSource: SL 2000, ch 231.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-9. SECURED TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-9-618","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"58ac2e18d4d86f62536f848309a4048f2852572f8e3563c414c18ff86048b39a","source_id":"us-sd","stale":false,"prev":"us-sd/sdcl-57a-9-617","next":"us-sd/sdcl-57a-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}