53-12-44. Obligor under transferable record has same rights and defenses as obligor under equivalent records.
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/sd/title-53/chapter-53-12/53-12-44A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise agreed, an obligor under a transferable record has the same rights and defenses as an equivalent obligor under equivalent records or writings under the Uniform Commercial Code.