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2020 South Dakota Codified Laws
Title 20 - Personal Rights and Obligations
Chapter 07 - Accord And Satisfaction, Novation And Release Of Obligations
Section 20-7-5 - Novation defined.
Universal Citation: SD Codified L § 20-7-5 (2020)
20-7-5. Novation defined.
Novation is the substitution by contract of a new obligation for an existing one and is subject to the rules concerning contracts in general.
Source: CivC 1877, §§863, 865; CL 1887, §§3487, 3489; RCivC 1903, §§1181, 1183; RC 1919, §§788, 790; SDC 1939, §47.0237.
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