South Dakota Statutes
§ 20-7-8 — Novation by substitution of creditor.
South Dakota·Title 20 PERSONAL RIGHTS AND OBLIGATIONS·Ch. 20-7 ACCORD AND SATISFACTION, NOVATION AND RELEASE OF OBLIGATIONS
Novation is made by the substitution of a new creditor in place of the old one, with intent to transfer the rights of the latter to the former.
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South Dakota § 20-7-8 (Novation by substitution of creditor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
CivC 1877, § 864, subdiv 3; CL 1887, § 3488, subdiv 3; RCivC 1903, § 1182, subdiv 3; RC 1919, § 789 (3); SDC 1939, § 47.0238 (3).
Nearby Sections
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§ 20-1-1
Obligation defined.§ 20-1-2
Origin of obligations.§ 20-10-2
Acts constituting deceit.§ 20-10A-1
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Cause of action for damages.§ 20-10A-3
Liability for damages.§ 20-10A-4
Limitation on actions for damages.§ 20-11-2
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