South Dakota Statutes

§ 5-26-3 — Interest on overdue payments--Rate.

South Dakota § 5-26-3
JurisdictionSouth Dakota
Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Ch. 5-26PROMPT PAYMENT ACT

This text of South Dakota § 5-26-3 (Interest on overdue payments--Rate.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.D. Codified Laws § 5-26-3 (2026).

Text

Any proper invoice not paid within forty-five days shall accrue interest beginning on the thirtieth day after receipt of property or service and receipt of the invoice covering the delivered items or services. Interest shall accrue and be charged on any payment overdue under § 5-26-2 at the Category B rate of interest as established in § 54-3-16 or at the rate specified by contract.

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Legislative History

SL 1984, ch 41, § 3; SL 1985, ch 45, § 3; SL 2018, ch 47, § 1.

Nearby Sections

15
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Bluebook (online)
South Dakota § 5-26-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/5-26-3.