South Dakota § 54-1-1 Definition of terms--Debtor--Creditor.

South Dakota Statutes

§ 54-1-1 — Definition of terms--Debtor--Creditor.

South Dakota § 54-1-1

Title 54DEBTOR AND CREDITOR

Ch. 54-1DEFINITIONS AND GENERAL PROVISIONS

This text of South Dakota § 54-1-1 (Definition of terms--Debtor--Creditor.) 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 § 54-1-1 (2026).

Text

Terms used in this chapter and chapter 54-8 are defined as follows, unless the context otherwise plainly requires:

(1)"Creditor," is one in whose favor an obligation exists by reason of which he is, or may become, entitled to the payment of money;

(2)"Debtor," one who, by reason of an existing obligation is, or may become liable to pay money to another, whether such liability is certain or contingent.

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Terms used in this chapter and chapter 54-8 are defined as follows, unless the context otherwise plainly requires: (1) "Creditor," is one in whose favor an obligation exists by reason of which he is, or may become, entitled to the payment of money; (2) "Debtor," one who, by reason of an existing obligation is, or may become liable to pay money to another, whether such liability is certain or contingent.