This bill adds a new exemption protecting debtors from losing their motor vehicle when facing legal judgments. Under this change, a debtor can keep one vehicle worth up to $5,000 (after accounting for any loans or liens on it) even if a creditor wins a lawsuit against them. The exemption joins other protected items like family clothes, food, and religious property that South Dakota law shields from creditors.
Senate Withdrawn at the Request of the Prime Sponsor S.J. 129
First read in Senate and referred to Senate Judiciary S.J. 129
Prime sponsor · Sen.
D