South Dakota Codified Laws 54-2-1. Payment defined
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Performance of an obligation for the delivery of money only, is called payment.
Terms Used In South Dakota Codified Laws 54-2-1
- 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, § 832; CL 1887, § 3456; RCivC 1903, § 1149; RC 1919, § 756; SDC 1939, § 47.0206.