South Dakota Codified Laws 43-37-1. Loan for use–Definition–Money in specie
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A loan for use is a contract by which one gives to another the temporary possession and use of personal property, and the latter agrees to return the same thing to him at a future time, without reward for its use. Money in specie may be loaned for use.
Terms Used In South Dakota Codified Laws 43-37-1
- Contract: A legal written agreement that becomes binding when signed.
Source: CivC 1877, §§ 1074, 1092; CL 1887, §§ 3698, 3715; RCivC 1903, §§ 1394, 1411; RC 1919, §§ 1017, 1034; SDC 1939, § 38.0201.