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.