™Your Policy Risk Impact Agent
19 chapters · 279 sections in this title.
SDCL § 54-1-1 Definition of terms--Debtor--Creditor
0.5K chars
Terms used in this chapter and chapter 54-8 are defined as follows, unless the context otherwise plainly requires: (1) "Creditor," is one in whose favor an obligation exists by reason of which he is, or may become, entitled to the payment of money; (2) "Debtor," one who, by reaso…
SDCL § 54-1-10 Securitization transaction--Transferor to lose interest in transferred property
1.3K chars
Notwithstanding any other provisions of law specifically including § 57A-9-623 , to the extent set forth in the transaction documents relating to a securitization transaction: (1) Any property, assets, or rights purported to be transferred, in whole or in part, in the securitizat…
SDCL § 54-1-2 Loan of money defined
0.3K chars
A loan of money is a contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed. Source: CivC 1877, § 1092; CL 1887, § 3715; RCivC 1903, § 1411; RC 1919, § 1034; SDC 1939, § 38.0101.
SDCL § 54-1-3 Debtor's contract valid in the absence of fraud
0.3K chars
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, § 23.0…
