The rate of interest shall be stated on the note authorized by § 13-19-1 and shall be negotiated by the parties.
S.D. Codified Laws § 13-19-4
Interest rate on notes
Source: SL 1955, ch 41, ch 10, § 16; SDC Supp 1960, § 15.2216 (5); SL 1965, ch 48; SL 1980, ch 129; SL 1983, ch 28, § 37.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.