54-3-2. Loan of money--Presumption as to interest.Whenever a loan of money is made it is presumed to be made upon interest, unless it is otherwise expressly stipulated at the time in writing. Source: CivC 1877, §1094; CL 1887, §3717; RCivC 1903, §1413; RC 1919, §1036; SDC 1939, §38.0104.
South Dakota Legal Code