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Statutes > South Dakota Laws > Title 20 - PERSONAL RIGHTS AND OBLIGATIONS > Chapter 07 - Accord And Satisfaction, Novation And Release Of Obligations > Section 20-7-7 - Novation by substitution of debtor.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 20-7-7 - Novation by substitution of debtor.

20-7-7. Novation by substitution of debtor. Novation is made by the substitution of a new debtor in place of the old one, with intent to release the latter.

Source: CivC 1877, § 864, subdiv 2; CL 1887, § 3488, subdiv 2; RCivC 1903, § 1182, subdiv 2; RC 1919, § 789 (2); SDC 1939, § 47.0238 (2).

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