A debtor may pay one creditor in preference to another, or may give to one creditor security for the payment of his demand in preference to another. Source: CivC 1877, § 2021; CL 1887, § 4654; RCivC 1903, § 2366; RC 1919, § 2039; SDC 1939, § 23.0103.
Preference of creditors by debtor
SDCL § 54-1-4 — under DEFINITIONS AND GENERAL PROVISIONS.
SDCL § 54-1-4