53-12-44. Obligor under transferable record has same rights and defenses as obligor under equivalent records.Except as otherwise agreed, an obligor under a transferable record has the same rights and defenses as an equivalent obligor under equivalent records or writings under the Uniform Commercial Code. Source: SL 2000, ch 225, §44. 53-12-44. Obligor under transferable record has same rights and defenses as obligor under equivalent records.Except as otherwise agreed, an obligor under a transferable record has the same rights and defenses as an equivalent obligor under equivalent records or writings under the Uniform Commercial Code. Source: SL 2000, ch 225, §44.
South Dakota Legal Code