Statutes, codes, and regulations
South Dakota Codified Laws
Title 54 - DEBTOR AND CREDITOR
Chapter 2 - PAYMENT OF DEBTS
Section 54-2-4 - Obligation for payment extinguished by tender and deposit in state bank

S.D. Codified Laws § 54-2-4

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Current through the 2024 Legislative Session
Section 54-2-4 - Obligation for payment extinguished by tender and deposit in state bank

An obligation for the payment of money is extinguished by a due offer of payment, if the amount is immediately deposited in the name of the creditor with some bank of deposit within this state, of good repute, and notice thereof is given to the creditor.

SDCL 54-2-4

CivC 1877, § 849; CL 1887, § 3473; RCivC 1903, § 1166; RC 1919, § 773; SDC 1939, § 47.0209.