43-37-1. Loan for use--Definition--Money in specie.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. Source: CivC 1877, §§1074, 1092; CL 1887, §§3698, 3715; RCivC 1903, §§1394, 1411; RC 1919, §§1017, 1034; SDC 1939, §38.0201.
South Dakota Legal Code