South Dakota § 51A-4-22 - Purchase of retail installment contract--Terms and effect of agreement.
Full text of South Dakota South Dakota Codified Laws § 51A-4-22 — Purchase of retail installment contract--Terms and effect of agreement., with citation guidance and answers to common questions.
§ 51A-4-22. Purchase of retail installment contract--Terms and effect of agreement.
A bank may purchase or acquire or agree to purchase or acquire, from any seller, any retail installment contract on such terms and conditions and for such price as may be agreed upon between them. Any such agreement does not give rise to any agency relationship between the bank and such seller, neither being agent nor principal of the other.
Source: SL 1969, ch 11, § 4.17; SL 1988, ch 377, § 94; SDCL, § 51-18-18.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 51A-4-22
What does South Dakota Codified Laws § 51A-4-22 cover?
Section 51A-4-22 ("Purchase of retail installment contract--Terms and effect of agreement.") 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 § 51A-4-22?
A common citation format is "South Dakota Codified Laws § 51A-4-22" (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 § 51A-4-22 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.