South Dakota Statutes
§ 53-9-4 — Penalties for nonperformance of contract void, exceptions.
Penalties imposed by contract for any nonperformance thereof are void. This section does not void obligations penal in form such as heretofore have been commonly used, but it voids their penal clauses.
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South Dakota § 53-9-4 (Penalties for nonperformance of contract void, exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
CivC 1877, § 955; CL 1887, § 3579; RCivC 1903, § 1273; RC 1919, § 894; SDC 1939, § 10.0703.