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.
South Dakota Legal Code