The destruction or cancellation of a written contract or of the signatures of the parties liable thereon with intent to extinguish the obligation thereof, extinguishes it as to all the parties consenting to the act.
S.D. Codified Laws § 53-11-6
Extinction by destruction or cancellation of contract or signatures by consent
Applied in 1 court decision — leading case Century 21 Associated Realty v. Hoffman (1993)
Most recently applied in Century 21 Associated Realty v. Hoffman (July 1993)
Source: CivC 1877, § 970; CL 1887, § 3594; RCivC 1903, § 1288; RC 1919, § 909; SDC 1939, § 10.0807.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.