South Dakota § 43-42-5 - Debtor unaware of assignment--Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee.
Full text of South Dakota South Dakota Codified Laws § 43-42-5 — Debtor unaware of assignment--Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee., with citation guidance and answers to common questions.
§ 43-42-5. Debtor unaware of assignment--Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee.
In any case where, acting without knowledge of an assignment described by § 43-42-4, the debtor in good faith pays all or part of such account to the assignor, or to such creditor, subsequent purchaser, or other assignee or transferee, such payment shall be acquittance to the debtor to the extent thereof, and such assignor, creditor, subsequent purchaser, or other assignee or transferee shall be a trustee of any sums so paid and shall be accountable and liable to the prior assignee therefor.
Source: SDC 1939, § 51.0803 as added by SL 1945, ch 213.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 43-42-5
What does South Dakota Codified Laws § 43-42-5 cover?
Section 43-42-5 ("Debtor unaware of assignment--Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 43-42-5?
A common citation format is "South Dakota Codified Laws § 43-42-5" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 43-42-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.