43-35-6. Good will of a business--Definition--Property subject to transfer.
The good will of a business is the expectation of continued public patronage, but it does not include a right to use the name of any person from whom it was acquired.
The good will of a business is property, transferable like any other.
Source: CivC 1877, §§577, 578; CL 1887, §§3200, 3201; RCivC 1903, §§893, 894; RC 1919, §§491, 492; SDC 1939, §51.0810.