Debtor's contract valid in the absence of fraud.

1. Law
2. South Dakota Codified Laws
3. Debtor and Creditor
4. Definitions And General Provisions
5. Debtor's contract valid in the absence of fraud.

54-1-3. Debtor's contract valid in the absence of fraud.

In the absence of fraud every contract of a debtor is valid against all his creditors, existing or subsequent, who have not acquired a lien on the property affected by such contract.

Source: CivC 1877, §2020; CL 1887, §4653; RCivC 1903, §2365; RC 1919, §2038; SDC 1939, §23.0102.

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