Section 54-1-3 - Debtor's contract valid in the absence of fraud. - South Dakota Statutes

54-1-3. Debtor's contract valid in the absence of fraud. In the absence of fraud every contract of a debtor is valid against all his creditors, existing or subsequent, who have not acquired a lien on the property affected by such contract.

Source: CivC 1877, § 2020; CL 1887, § 4653; RCivC 1903, § 2365; RC 1919, § 2038; SDC 1939, § 23.0102.