Statutes, codes, and regulations
South Dakota Codified Laws
Title 53 - CONTRACTS
Chapter 9 - UNLAWFUL CONTRACTS
Section 53-9-4 - Penalties for nonperformance of contract void, exceptions

S.D. Codified Laws § 53-9-4

Download
PDF
Current through the 2024 Legislative Session
Section 53-9-4 - Penalties for nonperformance of contract void, exceptions

Penalties imposed by contract for any nonperformance thereof are void. This section does not void obligations penal in form such as heretofore have been commonly used, but it voids their penal clauses.

SDCL 53-9-4

CivC 1877, § 955; CL 1887, § 3579; RCivC 1903, § 1273; RC 1919, § 894; SDC 1939, § 10.0703.