Any legal rate of interest, stipulated by a contract, remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.
S.D. Codified Laws § 54-3-6
Legal rate of interest stipulated by contract after breach
Applied in 1 court decision — leading case Maleh v. United Collection Bureau, Inc. (2018)
Most recently applied in Maleh v. United Collection Bureau, Inc. (January 2018)
Source: CivC 1877, § 1102; CL 1887, § 3725; RCivC 1903, § 1421; RC 1919, § 1045; SDC 1939, § 38.0106.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.