Loan of money--Presumption as to interest.

  1. Law
  2. South Dakota Codified Laws
  3. Debtor and Creditor
  4. Interest And Usury
  5. Loan of money--Presumption as to interest.

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54-3-2. Loan of money--Presumption as to interest.

Whenever a loan of money is made it is presumed to be made upon interest, unless it is otherwise expressly stipulated at the time in writing.

Source: CivC 1877, §1094; CL 1887, §3717; RCivC 1903, §1413; RC 1919, §1036; SDC 1939, §38.0104.


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