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Code · South Dakota · Title 51 · Chapter 51-4

51A-4-22. Purchase of retail installment contract--Terms and effect of agreement.

60 words·~1 min read·/sd/title-51/chapter-51-4/51a-4-22

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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