South Dakota Codified Laws 43-42-3. Nonnegotiable contract–Transfer by endorsement
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A nonnegotiable written contract for the payment of money or personal property may be transferred by endorsement in like manner with negotiable instruments. Such endorsement shall transfer all the rights of the assignor under the instrument to the assignee subject to all equities and defenses existing in favor of the maker at the time of the endorsement, or arising in his favor before notice of the assignment or endorsement.
Terms Used In South Dakota Codified Laws 43-42-3
- Contract: A legal written agreement that becomes binding when signed.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 818; CL 1887, § 3442; RCivC 1903, § 1135; RC 1919, § 742; SDC 1939, § 51.0803; SL 1945, ch 213.