SDCL § 54-3-3: Annual rate of interest where not specified.
Where this section sits in the code
- TITLE 54. DEBTOR AND CREDITOR
- CHAPTER 54-3. INTEREST AND USURY
When a rate of interest is prescribed by a law or contract, without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate.
Collected 2026-09-03T15:18:57Z. Source file · JSON