{"data":{"id":"us-sd/sdcl-20-4-9","jurisdiction":"us-sd","citation":"SDCL § 20-4-9","heading":"Application of performance in absence of selection by parties.","body":"If neither party makes application pursuant to § 20-4-7 or § 20-4-8 within a reasonable time after performance, the performance must be applied to the extinction of obligations in the following order; and if there be more than one obligation of a particular class, to the extinction of all in that class, ratably:\n(1) Of interest due at the time of the performance;\n(2) Of principal due at that time;\n(3) Of the obligation earliest in date of maturity;\n(4) Of an obligation not secured by a lien or collateral undertaking;\n(5) Of an obligation secured by a lien or collateral undertaking.","path":["TITLE 20. PERSONAL RIGHTS AND OBLIGATIONS","CHAPTER 20-4. PERFORMANCE OF OBLIGATIONS"],"source_url":"https://sdlegislature.gov/Statutes/20-4-9","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"16560d025dee230a903d36e98ece51a4f290f38b89b6fa4e4b2bde0415f68974","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-20-4-8","next":"us-sd/sdcl-20-5-1"},"notice":"GroundRules: Original legal text. Not legal advice."}