There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 03. Interest And Usury
§54-3-8 Interest on loan--Advance deduction.
SD Codified L § 54-3-8 (through 2012) What's This?
54-3-8. Interest on loan--Advance deduction. The interest which would become due at the end of the term for which a loan is made, not exceeding one year's interest in all, may be deducted from the loan in advance if the parties thus agree.
Source: CivC 1877, § 1099; CL 1887, § 3722; RCivC 1903, § 1418; RC 1919, § 1043; SDC 1939, § 38.0105.
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