53-9-4. Penalties for nonperformance of contract void, exceptions.
32 words·~1 min read·
/sd/title-53/chapter-53-9/53-9-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.