Section 54-9-13.1 - Action by assignee against person receiving property of debtor in fraud of creditors. - South Dakota Statutes

54-9-13.1. Action by assignee against person receiving property of debtor in fraud of creditors. In addition to those otherwise provided in this chapter, the court shall have power to authorize an assignee to bring an action or special proceeding, which he is hereby empowered to maintain, against any person who has received, taken or in any manner interfered with the estate, property or effects of the debtor in fraud of his creditors and which might have been avoided by a creditor of the assignor and the assignee may recover the property so transferred or its value.

Source: SDC Supp 1960, ch 37.51 as added by SL 1969, ch 162, § 3.