Interest on loan--Advance deduction

The interest which would become due at the end of the term for which a loan is made, not exceeding one year's interest in all, may be deducted from the loan in advance if the parties thus agree. Source: CivC 1877, § 1099; CL 1887, § 3722; RCivC 1903, § 1418; RC 1919, § 1043; SDC 1939, § 38.0105. 54-3-9. Repealed by SL 1982, ch 341 , § 7. 54-3-10. Repealed by SL 1975, ch 298 . 54-3-11. Repealed by SL 1976, ch 309 , § 7. 54-3-12. Repealed by SL 1982, ch 341 , § 8.