Action to determine adverse claim to money, property or chose in action

An action may be brought by one person against another, for the purpose of determining an adverse claim which the latter makes against the former, for money or property including a chose in action upon an alleged obligation. Source: SL 1903, ch 118 ; RC 1919, § 2872; SDC 1939 & Supp 1960, § 37.1601.