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Section 43-37-2 - Loan for exchange--Definition — South Dakota Law | CourtGPT
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South Dakota Legal Code

Section 43-37-2 - Loan for exchange--Definition

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43-37-2. Loan for exchange--Definition.If the borrower agrees to return at a future time a similar thing instead of the identical thing borrowed, the loan is a loan for exchange. Source: CivC 1877, §1087; CL 1887, §3710; RCivC 1903, §1406; RC 1919, §1029; SDC 1939, §38.0201.