South Dakota Codified Laws 54-6A-6. Provisions prohibited in agreements
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A lease–purchase agreement may not contain:
(1) A confession of judgment;
Terms Used In South Dakota Codified Laws 54-6A-6
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) A negotiable instrument;
(3) A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease–purchase agreement;
(4) A wage assignment;
(5) A waiver by the consumer of claims or defenses; or
(6) A provision authorizing the lessor or a person acting on the lessor’s behalf to enter upon the consumer’s premises or to commit any breach of the peace in the repossession of goods.
Source: SL 1991, ch 393, § 6.