South Dakota Statutes
§ 54-3-2 — Loan of money--Presumption as to interest.
Whenever a loan of money is made it is presumed to be made upon interest, unless it is otherwise expressly stipulated at the time in writing.
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South Dakota § 54-3-2 (Loan of money--Presumption as to interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Walkon Carpet Corporation v. Klapprodt
231 N.W.2d 370 (South Dakota Supreme Court, 1975)
Legislative History
CivC 1877, § 1094; CL 1887, § 3717; RCivC 1903, § 1413; RC 1919, § 1036; SDC 1939, § 38.0104.
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.