Statutes > South Dakota Statutes > Title 53 - CONTRACTS > Chapter 09 - Unlawful Contracts > Section 53-9-4 - Penalties for nonperformance of contract void, exceptions.

Section 53-9-4 - Penalties for nonperformance of contract void, exceptions.

53-9-4. Penalties for nonperformance of contract void, exceptions. Penalties imposed by contract for any nonperformance thereof are void. This section does not void obligations penal in form such as heretofore have been commonly used, but it voids their penal clauses.

Source: CivC 1877, § 955; CL 1887, § 3579; RCivC 1903, § 1273; RC 1919, § 894; SDC 1939, § 10.0703.