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Code · South Dakota · Title 54 · Chapter 54-2

54-2-4. Obligation for payment extinguished by tender and deposit in state bank.

46 words·~1 min read·/sd/title-54/chapter-54-2/54-2-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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