Statutes > South Dakota Statutes > Title 54 - DEBTOR AND CREDITOR > Chapter 03 - Interest And Usury > Section 54-3-6 - Legal rate of interest stipulated by contract after breach.

Section 54-3-6 - Legal rate of interest stipulated by contract after breach.

54-3-6. Legal rate of interest stipulated by contract after breach. Any legal rate of interest, stipulated by a contract, remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.

Source: CivC 1877, § 1102; CL 1887, § 3725; RCivC 1903, § 1421; RC 1919, § 1045; SDC 1939, § 38.0106.