Subsisting absolute or contingent liability of assignor.

  1. Law
  2. South Dakota Codified Laws
  3. Debtor and Creditor
  4. Assignment For Benefit Of Creditors
  5. Subsisting absolute or contingent liability of assignor.

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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.


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