Title 54 — DEBTOR AND CREDITOR
19 chapters · 291 sections in this title.
SDCL § 54-2-1 Payment defined
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Performance of an obligation for the delivery of money only, is called payment. Source: CivC 1877, § 832; CL 1887, § 3456; RCivC 1903, § 1149; RC 1919, § 756; SDC 1939, § 47.0206.
SDCL § 54-2-2 Repayment of loan in current funds
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A borrower of money must pay the amount due in such money as is current at the time when the loan becomes due, whether such money is worth more or less than the actual money lent. Source: CivC 1877, § 1093; CL 1887, § 3716; RCivC 1903, § 1412; RC 1919, § 1035; SDC 1939, § 38.0102…
SDCL § 54-2-4 Obligation for payment extinguished by tender and deposit in state bank
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An obligation for the payment of money is extinguished by a due offer of payment, if the amount is immediately deposited in the name of the creditor with some bank of deposit within this state, of good repute, and notice thereof is given to the creditor. Source: CivC 1877, § 849;…