§ 54-6A-1 Definitions
§ 54-6A-2 Lease-purchase agreement defined
§ 54-6A-3 Agreements exempt from other laws
§ 54-6A-4 Disclosure of information
§ 54-6A-5 Information required in disclosure
§ 54-6A-6 Provisions prohibited in agreements
§ 54-6A-7 Reinstatement of agreement–Repossession
§ 54-6A-8 Written receipts for cash or money order
§ 54-6A-9 Renegotiation for new agreement–Extensions
§ 54-6A-10 Advertisement of lease-purchase agreement
contract signature

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Terms Used In South Dakota Codified Laws > Title 54 > Chapter 6A - Lease-Purchase Agreements for Personal Property

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2