{"data":{"id":"us-sd/sdcl-20-4-8","jurisdiction":"us-sd","citation":"SDCL § 20-4-8","heading":"Application of performance according to creditor's selection--Application to rights held individually and as trustee--Rescission of application made by creditor.","body":"If no application be made pursuant to § 20-4-7, the creditor, within a reasonable time after such performance, may apply it toward the extinction of any obligation, performance of which was due to him from the debtor at the time of such performance; except that if similar obligations were due to him, both individually and as a trustee, he must, unless otherwise directed by the debtor, apply the performance to the extinction of all such obligations in equal proportion; and an application once made by the creditor cannot be rescinded without the consent of the debtor.","path":["TITLE 20. PERSONAL RIGHTS AND OBLIGATIONS","CHAPTER 20-4. PERFORMANCE OF OBLIGATIONS"],"source_url":"https://sdlegislature.gov/Statutes/20-4-8","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"3fef331ee76aa1d31fa0c7b418151ecc2be8d7db49f5ee1dc2338a838a3ecd6d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-20-4-7","next":"us-sd/sdcl-20-4-9"},"notice":"GroundRules: Original legal text. Not legal advice."}