54-9-10. Assent of creditors necessary to modification of assignment.
40 words·~1 min read·
/sd/title-54/chapter-54-9/54-9-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An assignment for the benefit of creditors, which has been executed and recorded so as to transfer the property to the assignee, cannot afterward be canceled or modified by the parties thereto, without the consent of every creditor affected thereby.