South Dakota Codified Laws 20-1-5. Obligations and rights presumed joint and not several
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An obligation imposed upon several persons, or a right created in favor of several persons, is presumed to be joint, and not several, except in the special cases mentioned in §§ 53-2-4 and 53-2-5. This presumption, in the case of a right, can be overcome only by express words to the contrary.
Terms Used In South Dakota Codified Laws 20-1-5
- 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.
Source: CivC 1877, § 802; CL 1887, § 3425; RCivC 1903, § 1118; RC 1919, § 725; SDC 1939, § 47.0105.