South Dakota Statutes
§ 54-3-2 — Loan of money--Presumption as to interest.
South Dakota § 54-3-2
This text of South Dakota § 54-3-2 (Loan of money--Presumption as to interest.) 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 § 54-3-2 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-3-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-3-2.