My question involves collection proceedings in the State of: south Dakota.
Can somebody translate this into lamens terms for me? My interepretation is that a third party making a payment on behalf of the debtor does not reset the statute of limitations. Thanks
"Where payees of a note were authorized to collect certain accounts due makers and apply the proceeds to payment of note, the indorsement of the accounts collected as payments on the note did not constitute payments made by the makers and did not interrupt the running of statute of limitations. SDC 33.0213, 33.0232."