Section 54-9-10 - Assent of creditors necessary to modification of assignment

54-9-10. Assent of creditors necessary to modification of assignment.An assignment for the benefit of creditors, which has been executed and recorded so as to transfer the property to the assignee, cannot afterward be canceled or modified by the parties thereto, without the consent of every creditor affected thereby. Source: CivC 1877, §2046; CL 1887, §4680; RCivC 1903, §2392; RC 1919, §2065; SDC 1939 & Supp 1960, §37.5109.