South Dakota Statutes
§ 54-3-3 — Annual rate of interest where not specified.
When a rate of interest is prescribed by a law or contract, without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate.
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South Dakota § 54-3-3 (Annual rate of interest where not specified.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Tri-State Refining & Investment Co. v. Apaloosa Co.
431 N.W.2d 311 (South Dakota Supreme Court, 1988)
Sampson v. United States Department of Interior
(D. South Dakota, 2020)
Legislative History
CivC 1877, § 1096; CL 1887, § 3719; RCivC 1903, § 1415; RC 1919, § 1038; SDC 1939, § 38.0107.
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.