South Dakota Statutes
§ 54-3-16 — Official state interest rates.
The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows:
(1)Category A rate of interest is four and one - half percent per year;
(2)Category B rate of interest is ten percent per year;
(3)Category C rate of interest is twelve percent per year;
(4)Category D rate of interest is one percent per month or fraction thereof;
(5)Category E rate of interest is four percent per year;
(6)Category F rate of interest is fifteen percent per year; and (7) Category G rate of interest is five - sixth percent per month or fraction thereof.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 54-3-16 (Official state interest rates.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Sander v. Geib, Elston, Frost Professional Ass'n
506 N.W.2d 107 (South Dakota Supreme Court, 1993)
Ducheneaux v. Miller
488 N.W.2d 902 (South Dakota Supreme Court, 1992)
Mattson v. Rachetto
1999 SD 51 (South Dakota Supreme Court, 1999)
Fanning v. Iversen
535 N.W.2d 770 (South Dakota Supreme Court, 1995)
Honomichl v. Modlin
477 N.W.2d 599 (South Dakota Supreme Court, 1991)
US Lumber, Inc. v. Fisher
523 N.W.2d 87 (South Dakota Supreme Court, 1994)
Moeller v. Bertrang
801 F. Supp. 291 (D. South Dakota, 1992)
Halbersma v. HALBERSMA
2009 SD 98 (South Dakota Supreme Court, 2009)
City of Sioux Falls v. Johnson
2003 SD 115 (South Dakota Supreme Court, 2003)
Scotland Vet Supply v. ABA Recovery Service, Inc.
1998 SD 103 (South Dakota Supreme Court, 1998)
Blenner v. City of Rapid City
2003 SD 121 (South Dakota Supreme Court, 2003)
Dziadek v. Charter Oak Fire Insurance Co.
213 F. Supp. 3d 1150 (D. South Dakota, 2016)
Landstrom v. Shaver
1996 SD 49 (South Dakota Supreme Court, 1996)
Orr v. Cook
2011 SD 31 (South Dakota Supreme Court, 2011)
Appley Bros. v. United States
924 F. Supp. 935 (D. South Dakota, 1996)
Anderson v. State Farm Mutual Automobile Insurance Company
(D. South Dakota, 2024)
Gurke v. Gresham
(D. South Dakota, 2023)
Meyer v. Norwest Bank Iowa, National Ass'n
924 F. Supp. 964 (D. South Dakota, 1996)
Midcontinent Communications v. MCI Communications Services, Inc.
(D. South Dakota, 2019)
Sampson v. United States Department of Interior
(D. South Dakota, 2020)
Legislative History
SL 1984, ch 319, § 1; SL 1987, ch 362; SL 1994, ch 366, § 1; SL 2000, ch 226, § 1.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.