Statutes > South Dakota Statutes > Title 54 - DEBTOR AND CREDITOR > Chapter 09 - Assignment For Benefit Of Creditors > Section 54-9-3 - Subsisting absolute or contingent liability of assignor.

Section 54-9-3 - Subsisting absolute or contingent liability of assignor.

54-9-3. Subsisting absolute or contingent liability of assignor. An assignment for the benefit of creditors may provide for any subsisting liability of the assignor which he might lawfully pay, whether absolute or contingent.

Source: CivC 1877, § 2029; CL 1887, § 4662; RCivC 1903, § 2374; RC 1919, § 2047; SDC 1939 & Supp 1960, § 37.5102.