South Dakota Codified Laws
Chapter 37 - Loan Of Personal Property
Section 43-37-2 - Loan for exchange--Definition.

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.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 43 - Property

Chapter 37 - Loan Of Personal Property

Section 43-37-1 - Loan for use--Definition--Money in specie.

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

Section 43-37-3 - Loan for use or exchange subject to provisions relating to loans for exchange.

Section 43-37-5 - Extent of use of thing by borrower.

Section 43-37-6 - Duties of borrower for use--Preservation of thing--Living animal--Care of thing lent, extent of exercise--Repairs caused by negligence.

Section 43-37-7 - Borrower for use--Lending to third person without consent of lender forbidden.

Section 43-37-8 - Lender of thing for use--Right to require return--Indemnification of borrower for loss.

Section 43-37-10 - Loan for exchange--Modification of contract by lender forbidden.

Section 43-37-11 - Loan for use or exchange--Borrower required to bear all expenses during loan--Exception--Compensation for cost to preserve thing from injury.

Section 43-37-12 - Loan for use or exchange--Indemnification of borrower by lender for damages for defects.

Section 43-37-13 - Loan for use or exchange--Return of thing to lender by borrower--Specified time--Demand for return.

Section 43-37-14 - Loan for use or exchange--Place for return of thing by borrower.