Section 37-11-5 - Filing of statement required before bringing action for business debt--Refusal ofperson interested to verify statement.
37-11-5. Filing of statement required before bringing action for business debt--Refusal of person interested to verify statement. No person or firm engaged in conducting or operating or interested in a business in this state contrary to the provisions of §§ 37-11-1 and 37-11-2 shall maintain any action at law or otherwise in the name under which the business is conducted nor on their own account to recover anything or enforce any right claimed to be due or arising out of the operation of said business until the statement required by § 37-11-1 or 37-11-2 has been filed. For the purpose of this section only, if any person interested in said business shall refuse to verify such statement those remaining may verify if stating therein the requirements as to those failing to verify and that they have refused to verify.
Source: SDC 1939 § 49.0802.