South Dakota Statutes
§ 54-3-3 — Annual rate of interest where not specified.
South Dakota § 54-3-3
This text of South Dakota § 54-3-3 (Annual rate of interest where not specified.) 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 § 54-3-3 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-3-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-3-3.