General pecuniary devises bear interest at the category B rate of interest specified in § 54-3-16 beginning one year after the first appointment of a personal representative until payment, unless a contrary intent is indicated by the will.
S.D. Codified Laws § 29A-3-904
Interest on general pecuniary devise
Applied in 2 court decisions — leading case Wagner v. Brownlee (2006)
Most recently applied in Wagner v. Brownlee (April 2006)
Source: SL 1994, ch 232, § 3-904; SL 1995, ch 167, § 131.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.