South Dakota Codified Laws 21-57-5. Notice of dishonor–Information required
The notice given pursuant to § 21-57-4 shall include the following information regarding the unpaid check, draft, or order:
(1) The date the check, draft, or order was issued;
Terms Used In South Dakota Codified Laws 21-57-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) The name of the bank, depository, person, firm, or corporation on which it was drawn;
(3) The name of the payee;
(4) The face amount;
(5) A statement of total amount claimed, which shall be itemized and may not exceed the amount permitted pursuant to 21-57-1;
(6) A statement that the maker has thirty days from the date notice was given to make payment in full of the total amount claimed; and
(7) A statement that, if the total amount is not paid within thirty days after the date notice was given, the maker is liable in a civil action for three times the face amount of the check but not less than one hundred dollars nor greater than two hundred dollars and that, in such civil action, the court may award court costs to the payee, holder, or assignee for collection.
Source: SL 1999, ch 112, § 5.