Novation by substitution of debtor.

  1. Law
  2. South Dakota Codified Laws
  3. Personal Rights and Obligations
  4. Accord And Satisfaction, Novation And Release Of Obligations
  5. Novation by substitution of debtor.

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20-7-7. Novation by substitution of debtor.

Novation is made by the substitution of a new debtor in place of the old one, with intent to release the latter.

Source: CivC 1877, §864, subdiv 2; CL 1887, §3488, subdiv 2; RCivC 1903, §1182, subdiv 2; RC 1919, §789 (2); SDC 1939, §47.0238 (2).


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