43-42-1. Thing in action defined. A thing in action is a right to recover money or other personal property by a judicial proceeding. Source: CivC 1877, §360; CL 1887, §2876; RCivC 1903, §383; RC 1919, §471; SDC 1939, §51.0802.
43-42-2. Transfer and survivorship–Violation of right of property or obligation. A thing in action arising out of the violation of a right of property or out of an obligation may be transferred by the owner. Upon the death of the owner it passes to his personal representatives except where in the cases provided by law […]
43-42-3. Nonnegotiable contract–Transfer by endorsement. A nonnegotiable written contract for the payment of money or personal property may be transferred by endorsement in like manner with negotiable instruments. Such endorsement shall transfer all the rights of the assignor under the instrument to the assignee subject to all equities and defenses existing in favor of the […]
43-42-4. Accounts receivable–Transfer by assignment in good faith. Every written assignment made in good faith, whether in the nature of a sale, pledge, or other transfer, of an account receivable or of an amount due or to become due on an open account or on a contract (all hereinafter called “account”), with or without the […]
43-42-5. Debtor unaware of assignment–Acquittance by good faith payment to assignor, creditor, subsequent purchaser, or other assignee or transferee. In any case where, acting without knowledge of an assignment described by §43-42-4, the debtor in good faith pays all or part of such account to the assignor, or to such creditor, subsequent purchaser, or other […]
