reglab/housing_qa huggingface dataset:
SD Codified L § 57A-3-604 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-604 - Discharge by cancellation or renunciation.

57A-3-604. Discharge by cancellation or renunciation.(a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument, cancellation or striking out of the party's signature, or the addition of words to the instrument indicating discharge, or (ii) by agreeing not to sue or otherwise renouncing rights against the party by a signed writing.(b) Cancellation or striking out of an indorsement pursuant to subsection (a) does not affect the status and rights of a party derived from the indorsement. Source: SL 1994, ch 367, §3-604.
SD Codified L § 57A-3A-101 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-101 - Definition of terms.

57A-3A-101. Definition of terms.Terms as used in this chapter, unless the context otherwise requires mean:(1)"Consumer goods or services," all goods and services purchased at retail and bought for use primarily for personal, family or household purposes.(2)"Retail seller," as "Retailer" is defined in § 10-45-1.(3)"Retail buyer," any person purchasing consumer goods or services from a retail seller.(4)"Person," as that term is defined by § 10-45-1. Source: SL 1973, ch 295, §1; SDCL Supp, §57-10A-1.
SD Codified L § 57A-3A-102 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-102 - Instruments to be marked consumer paper--Holder not holder in due course.

57A-3A-102. Instruments to be marked consumer paper--Holder not holder in due course.If any contract for sale or lease of consumer goods or services on credit, entered into between a retail seller and a retail buyer, requires or involves the execution of a promissory note, instrument or other evidence of indebtedness, hereinafter called instrument, such instrument shall have printed conspicuously on the face thereof the words "consumer paper," and a holder of such instrument shall not be deemed a holder in due course. Source: SL 1973, ch 295, §2; SDCL Supp, §57-10A-2.
SD Codified L § 57A-3A-103 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-103 - Failure to mark consumer paper as misdemeanor.

57A-3A-103. Failure to mark consumer paper as misdemeanor.Any retail seller or other responsible person who fails to imprint conspicuously the words "consumer paper" on an instrument arising out of a consumer credit sale as described in this chapter shall be guilty of a Class 2 misdemeanor. Source: SL 1973, ch 295, §5; SDCL Supp, §57-10A-3; SL 1980, ch 24, §111.
SD Codified L § 57A-3A-104 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-104 - Assignee of consumer paper not holder in due course though instrument unmarked--Contrary agreement void.

57A-3A-104. Assignee of consumer paper not holder in due course though instrument unmarked--Contrary agreement void.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.
SD Codified L § 57A-3A-105 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-105 - Assignee's liability restricted to amount owed--Defense or setoff.

57A-3A-105. Assignee's liability restricted to amount owed--Defense or setoff.The assignee's liability under this part may not exceed the amount owing to the assignee at the time the defense is asserted against the assignee, and the rights of the retail buyer can only be asserted as a matter of defense to or setoff against a claim by the assignee. Source: SL 1973, ch 295, §3; SDCL Supp, §57-10A-5.
SD Codified L § 57A-3A-106 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-106 - Notice to buyer of assignment of paper--Contents--Defenses waived by failure to notify holder.

57A-3A-106. Notice to buyer of assignment of paper--Contents--Defenses waived by failure to notify holder.The assignee shall give written notice of the fact of assignment to the retail buyer. Such notification shall contain conspicuous notice to the retail buyer that the retail buyer has sixty days within which to notify the holder in writing of any complaint or defense the retail buyer may have against the retail seller; and that if such written notification of the complaint or defense is not received by the holder within such sixty-day period, the holder shall have the right to enforce such instrument free of any such defenses or setoff the retail buyer may have against the retail seller, and thereafter such instrument shall not be deemed consumer paper. Source: SL 1973, ch 295, §4; SDCL Supp, §57-10A-6.
SD Codified L § 57A-3A-107 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03A - Consumer Paper--Limitations On Negotiability|Section 57A-3A-107 - Holder as holder in due course after notice given and complaint or defense not asserted.

57A-3A-107. Holder as holder in due course after notice given and complaint or defense not asserted.The holder of an instrument, defined as "consumer paper" by §57A-3A-102 may be deemed a holder in due course if the assignee gives written notice to the retail buyer as provided in §57A-3A-106, and the assignee receives no written notification from the retail buyer of a complaint or defense as provided in §57A-3A-106. Source: SL 1973, ch 295, §4; SDCL Supp, §57-10A-7.
SD Codified L § 57A-4-101 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-101 - Short title.

57A-4-101. Short title.This chapter may be cited as Uniform Commercial Code----Bank Deposits and Collections. Source: SL 1994, ch 368, §4-101.
SD Codified L § 57A-4-102 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-102 - Applicability.

57A-4-102. Applicability.(a) To the extent that items within this article are also within chapters 57A-3 and 57A-8, they are subject to those chapters. If there is conflict, this chapter governs chapter 57A-3, but chapter 57A-8 governs this chapter.(b) The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located. In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located. Source: SL 1994, ch 368, §4-102.
SD Codified L § 57A-4-103 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-103 - Variation by agreement--Measure of damages--Certain action constituting ordinary care.

57A-4-103. Variation by agreement--Measure of damages--Certain action constituting ordinary care.(a) The effect of the provisions of this article may be varied by agreement, but the parties to the agreement cannot disclaim a bank's responsibility for its lack of good faith or failure to exercise ordinary care or limit the measure of damages for the lack or failure. However, the parties may determine by agreement the standards by which the bank's responsibility is to be measured if those standards are not manifestly unreasonable.(b) Federal reserve regulations and operating circulars, clearing-house rules, and the like have the effect of agreements under subsection (a), whether or not specifically assented to by all parties interested in items handled.(c) Action or nonaction approved by this article or pursuant to federal reserve regulations or operating circulars is the exercise of ordinary care and, in the absence of special instructions, action or nonaction consistent with clearing-house rules and the like or with a general banking usage not disapproved by this chapter, is prima facie the exercise of ordinary care.(d) The specification or approval of certain procedures by this chapter is not disapproval of other procedures that may be reasonable under the circumstances.(e) The measure of damages for failure to exercise ordinary care in handling an item is the amount of the item reduced by an amount that could not have been realized by the exercise of ordinary care. If there is also bad faith it includes any other damages the party suffered as a proximate consequence. Source: SL 1994, ch 368, §4-103.
SD Codified L § 57A-4-105 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-105 - "Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank".

57A-4-105."Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank".In this chapter:(1)"Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;(2)"Collecting bank" means a bank handling an item for collection except the payor bank;(3)"Depositary bank" means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter;(4)"Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;(5)"Payor bank" means a bank that is the drawee of a draft;(6)"Presenting bank" means a bank presenting an item except a payor bank. Source: SL 1994, ch 368, §4-105.
SD Codified L § 57A-4-106 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-106 - Payable through or payable at bank--Collecting bank.

57A-4-106. Payable through or payable at bank--Collecting bank.(a) If an item states that it is "payable through" a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank.(b) If an item states that it is "payable at" a bank identified in the item, the item is equivalent to a draft drawn on the bank. Source: SL 1994, ch 368, §4-106.
SD Codified L § 57A-4-107 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-107 - Separate office of a bank.

57A-4-107. Separate office of a bank.A branch or separate office of a bank is a separate bank for the purpose of computing the time within which and determining the place at or to which action may be taken or notices or orders must be given under this chapter and under chapter 57A-3. Source: SL 1994, ch 368, §4-107.
SD Codified L § 57A-4-108 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-108 - Time of receipt of items.

57A-4-108.Time of receipt of items.(a) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of two p. m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.(b) An item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day. Source: SL 1994, ch 368, §4-108.
SD Codified L § 57A-4-109 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-109 - Delays.

57A-4-109. Delays.(a) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may waive, modify, or extend time limits imposed or permitted by this chapter for a period not exceeding two additional banking days without discharge of drawers or indorsers or liability to its transferor or a prior party.(b) Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by this chapter or by instructions is excused if (i) the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment, or other circumstances beyond the control of the bank, and (ii) the bank exercises such diligence as the circumstances require. Source: SL 1994, ch 368, §4-109.
SD Codified L § 57A-4-110 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-110 - Electronic presentment.

57A-4-110. Electronic presentment.(a) "Agreement for electronic presentment" means an agreement, clearing-house rule, or federal reserve regulation or operating circular, providing that presentment of an item may be made by transmission of an image of an item or information describing the item "presentment notice" rather than delivery of the item itself. The agreement may provide for procedures governing retention, presentment, payment, dishonor, and other matters concerning items subject to the agreement.(b) Presentment of an item pursuant to an agreement for presentment is made when the presentment notice is received.(c) If presentment is made by presentment notice, a reference to "item" or "check" in this chapter means the presentment notice unless the context otherwise indicates. Source: SL 1994, ch 368, §4-110.
SD Codified L § 57A-4-111 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-111 - Statute of limitations.

57A-4-111. Statute of limitations.An action to enforce an obligation, duty, or right arising under this chapter must be commenced within three years after the cause of action accrues. Source: SL 1994, ch 368, §4-111.
SD Codified L § 57A-4-201 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-201 - Status of collecting bank as agent and provisional status of credits--Applicability of chapter--Item indorsed "pay any bank".

57A-4-201. Status of collecting bank as agent and provisional status of credits--Applicability of chapter--Item indorsed "pay any bank".(a) Unless a contrary intent clearly appears and before the time that a settlement given by a collecting bank for an item is or becomes final, the bank, with respect to the item, is an agent or subagent of the owner of the item and any settlement given for the item is provisional. This provision applies regardless of the form of endorsement or lack of endorsement and even though credit given for the item is subject to immediate withdrawal as of right or is in fact withdrawn; but the continuance of ownership of an item by its owner and any rights of the owner to proceeds of the item are subject to rights of a collecting bank, such as those resulting from outstanding advances on the item and rights of recoupment or setoff. If an item is handled by banks for purposes of presentment, payment, collection, or return, the relevant provisions of this article apply even though action of the parties clearly establishes that a particular bank has purchased the item and is the owner of it.(b) After an item has been endorsed with the words "pay any bank" or the like, only a bank may acquire the rights of a holder until the item has been:(1)Returned to the customer initiating collection; or(2)Specially endorsed by a bank to a person who is not a bank. Source: SL 1994, ch 368, §4-201.
SD Codified L § 57A-4-202 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-202 - Responsibility for collection or return--When action timely.

57A-4-202. Responsibility for collection or return--When action timely.(a) A collecting bank must exercise ordinary care in:(1)Presenting an item or sending it for presentment;(2)Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank's transferor after learning that the item has not been paid or accepted, as the case may be;(3)Settling for an item when the bank receives final settlement; and(4)Notifying its transferor of any loss or delay in transit within a reasonable time after discovery thereof.(b) A collecting bank exercises ordinary care under subsection (a) by taking proper action before its midnight deadline following receipt of an item, notice, or settlement. Taking proper action within a reasonably longer time may constitute the exercise of ordinary care, but the bank has the burden of establishing timeliness.(c) Subject to subsection (a)(1), a bank is not liable for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit. Source: SL 1994, ch 368, §4-202.
SD Codified L § 57A-4-203 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-203 - Effect of instructions.

57A-4-203. Effect of instructions.Subject to chapter 57A-3 concerning conversion of instruments (§57A-3-420) and restrictive endorsements (§57A-3-206), only a collecting bank's transferor can give instructions that affect the bank or constitute notice to it, and a collecting bank is not liable to prior parties for any action taken pursuant to the instructions or in accordance with any agreement with its transferor. Source: SL 1994, ch 368, §4-203.
SD Codified L § 57A-4-204 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-204 - Methods of sending and presenting--Sending directly to payor bank.

57A-4-204. Methods of sending and presenting--Sending directly to payor bank.(a) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.(b) A collecting bank may send:(1)An item directly to the payor bank;(2)An item to a nonbank payor if authorized by its transferor; and(3)An item other than documentary drafts to a nonbank payor, if authorized by federal reserve regulation or operating circular, clearing-house rule, or the like.(c) Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made. Source: SL 1994, ch 368, §4-204.
SD Codified L § 57A-4-205 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-205 - Depositary bank holder of unendorsed item.

57A-4-205. Depositary bank holder of unendorsed item.If a customer delivers an item to a depositary bank for collection:(1)The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer indorses the item, and, if the bank satisfies the other requirements of §57A-3-302, it is a holder in due course; and(2)The depositary bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer's account. Source: SL 1994, ch 368, §4-205.
SD Codified L § 57A-4-206 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-206 - Transfer between banks.

57A-4-206. Transfer between banks.Any agreed method that identifies the transferor bank is sufficient for the item's further transfer to another bank. Source: SL 1994, ch 368, §4-206.
SD Codified L § 57A-4-207 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 04 - Bank Deposits And Collections|Section 57A-4-207 - Transfer warranties.

57A-4-207. Transfer warranties.(a) A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any subsequent collecting bank that:(1)The warrantor is a person entitled to enforce the item;(2)All signatures on the item are authentic and authorized;(3)The item has not been altered;(4)The item is not subject to a defense or claim in recoupment (§57A-3-305(a)) of any party that can be asserted against the warrantor; and(5)The warrantor has no knowledge of any insolvency proceeding commenced with respect to the maker or acceptor or, in the case of an unaccepted draft, the drawer.(b) If an item is dishonored, a customer or collecting bank transferring the item and receiving settlement or other consideration is obliged to pay the amount due on the item (i) according to the terms of the item at the time it was transferred, or (ii) if the transfer was of an incomplete item, according to its terms when completed as stated in §§57A-3-115 and 57A-3-407. The obligation of a transferor is owed to the transferee and to any subsequent collecting bank that takes the item in good faith. A transferor cannot disclaim its obligation under this subsection by an indorsement stating that it is made "without recourse" or otherwise disclaiming liability.(c) A person to whom the warranties under subsection (a) are made and who took the item in good faith may recover from the warrantor as damages for breach of warranty an amount equal to the loss suffered as a result of the breach, but not more than the amount of the item plus expenses and loss of interest incurred as a result of the breach.(d) The warranties stated in subsection (a) cannot be disclaimed with respect to checks. Unless notice of a claim for breach of warranty is given to the warrantor within thirty days after the claimant has reason to know of the breach and the identity of the warrantor, the warrantor is discharged to the extent of any loss caused by the delay in giving notice of the claim.(e) A cause of action for breach of warranty under this section accrues when the claimant has reason to know of the breach. Source: SL 1994, ch 368, §4-207.