Terms Used In South Dakota Codified Laws 2-14-2
- Codicil: An addition, change, or supplement to a will executed with the same formalities required for the will itself.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Terms used throughout the code of laws enacted by § 2-16-13, mean:
(1) “According to usage,” that which is usual and customary;
(2) “Adult,” any person who is not a minor as defined in chapter 26-1;
(3) “Children” includes children by birth and by adoption;
(4) “Compound interest,” interest added to the principal as the interest becomes due, and thereafter made to bear interest;
(5) “Corporate surety,” a corporation acting as surety for a principal obligor, and which corporation is duly authorized under the laws of this state to transact business which involves acting as such surety;
(6) “Creditor,” except as defined and used in chapters 54-1 and 54-9, everyone to whom is owed the performance of an obligation;
(7) “Day,” the period from midnight to midnight;
(8) “Debtor,” except as defined and used in chapters 54-1 and 54-9, everyone who owes to another the performance of an obligation;
(9) “Decree,” the same meaning as the word “judgment”;
(10) “Depose,” every mode of written statement under oath or affirmation;
(11) “Folio,” one hundred words, counting every series of figures necessarily used, as a word; and any portion of a folio when in the whole draft or paper there shall not be a complete folio and when there shall be any excess of the last folio;
(12) “Full-time equivalent” or “FTE,” a number that designates staffing level where one full-time equivalent position is equal to the number of days, Monday through Friday, in a fiscal year, multiplied by eight hours per day. The term excludes: paid overtime hours; hours paid to an employee assigned to a light duty position as approved by the commissioner of the Bureau of Human Resources due to a temporary partial disability as defined in subdivision 62-1-1(8); hours paid for accumulated annual leave and sick leave upon employee termination; hours paid to patient employees of the institutions under the control of the Department of Human Services or the Department of Social Services and the Department of Veterans Affairs; hours paid to work-study students enrolled in postsecondary educational institutions or postsecondary students employed through internships in the legislative branch, judicial branch, or the executive branch; hours paid to students enrolled in and employed by postsecondary educational institutions; and hours paid to members of boards and commissions pursuant to § 4-7-10.4. For purposes of salary computation a nine month or more per year full-time teaching or research faculty person, or the equivalent thereof, at the institutions under the jurisdiction of the Board of Regents shall be considered one full-time equivalent;
(13) “Good faith,” an honest intention to abstain from taking any unconscientious advantage of another, even through the forms or technicalities of law, together with an absence of all information or belief of facts which would render the transaction unconscientious;
(14) “Indian tribe,” any government of any Indian tribe which is located either wholly or partially within the State of South Dakota and which has a constitution or a charter approved by the secretary of the Department of the Interior and which possesses the powers of self-government;
(15) “Month,” a calendar month;
(16) “Municipality,” any municipality organized as provided in Title 9;
(17) “Oath” includes affirmation;
(18) “Person” includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations;
(19) “Personal property” includes money, goods, chattels, things in action, and evidences of debt;
(20) “Population,” the number of inhabitants as determined by the last preceding federal census;
(21) “Property” includes property, real and personal;
(22) “Real property” is coextensive with lands, tenements, and hereditaments;
(23) “Seal” includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word “seal” written or printed on such paper;
(24) “Several,” in relation to number, two or more;
(25) “Signature or subscription” includes mark, if the person cannot write, the person’s name being written near such mark, and written by a person who writes the person’s own name as a witness;
(26) “State,” the State of South Dakota;
(27) “Testify,” every mode of oral statement under oath or affirmation;
(28) “Third persons” includes all who are not parties to the obligation or transaction concerning which the phrase is used;
(29) “Township boards,” the board of supervisors of any organized township;
(30) “Usual and customary,” according to usage; usage is a reasonable and lawful public custom concerning transactions of the same nature as those which are to be affected thereby, existing at the place where the obligation is to be performed, and either known to the parties, or so well established, general, and uniform, that they must be presumed to have acted with reference thereto;
(31) “Valuable consideration,” a thing of value parted with, or a new obligation assumed at the time of obtaining the thing, which is a substantial compensation for that which is obtained thereby. It is also called simply “value”;
(32) “Verdict” includes not only the verdict of a jury, but also the finding upon the facts of a judge, or of a referee appointed to determine the issues in a cause;
(33) “Voter,” a person duly registered to vote or one who is performing the act of voting;
(34) “Will” includes a codicil or codicils;
(35) “Writing” and “written” include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. Writing may be made in any manner, except that when a person entitled to require the execution of a writing demands that it be made with ink, it must be so made;
(36) “Year,” a calendar year.