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2021 South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 01 - Definitions And General Provisions
Section 54-1-2 - Loan of money defined.
Universal Citation: SD Codified L § 54-1-2 (2021)
54-1-2. Loan of money defined.
A loan of money is a contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed.
Source: CivC 1877, §1092; CL 1887, §3715; RCivC 1903, §1411; RC 1919, §1034; SDC 1939, §38.0101.
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