<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-2A-531 - Standing to sue third parties for injury to goods. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073360Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073360SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073360CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073360Normal-000000 { margin-top: 0; margin-bottom: 0; margin-left: 5.00in; text-indent: -4.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } span.s2073360DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073360Normal-000001 { margin-top: 0; margin-bottom: 0; margin-left: 1.14in; text-indent: -0.44in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } p.s2073360Normal-000002 { margin-top: 0; margin-bottom: 0; margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } span.s2073360000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073360SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073360SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073360Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-531"><span class="s2073360SENU">57A-2A-531</span></a><span xml:space="preserve" class="s2073360SENU">. </span><span class="s2073360CL">Standing to sue third parties for injury to goods.</span></p><p dir="ltr" class="s2073360Normal-000000"><span class="s2073360DefaultParagraphFont">(1)    If a third party so deals with goods that have been identified to a lease contract as to cause actionable injury to a party to the lease contract (a) the lessor has a right of action against the third party, and (b) the lessee also has a right of action against the third party if the lessee:</span></p><p dir="ltr" class="s2073360Normal-000001"><span class="s2073360DefaultParagraphFont">(i)    Has a security interest in the goods;</span></p><p dir="ltr" class="s2073360Normal-000001"><span class="s2073360DefaultParagraphFont">(ii)    Has an insurable interest in the goods; or</span></p><p dir="ltr" class="s2073360Normal-000001"><span class="s2073360DefaultParagraphFont">(iii)    Bears the risk of loss under the lease contract or has since the injury assumed that risk as against the lessor and the goods have been converted or destroyed.</span></p><p dir="ltr" class="s2073360Normal-000002"><span class="s2073360DefaultParagraphFont">(2)    If at the time of the injury the party plaintiff did not bear the risk of loss as against the other party to the lease contract and there is no arrangement between them for disposition of the recovery, his suit or settlement, subject to his own interest, is as a fiduciary for the other party to the lease contract.</span></p><p dir="ltr" class="s2073360Normal-000002"><span class="s2073360DefaultParagraphFont">(3)    Either party with the consent of the other may sue for the benefit of whom it may concern.</span></p><p dir="ltr" class="s2073360Normal"><span xml:space="preserve" class="s2073360000003"> </span></p><p dir="ltr" class="s2073360Normal"><span class="s2073360SCL">Source:</span><span xml:space="preserve" class="s2073360SCL-000004"> SL 1989, ch 419, § 1.</span></p></div></body></html>