53-11-6. Extinction by destruction or cancellation of contract or signatures by consent.
The destruction or cancellation of a written contract or of the signatures of the parties liable thereon with intent to extinguish the obligation thereof, extinguishes it as to all the parties consenting to the act.
Source: CivC 1877, §970; CL 1887, §3594; RCivC 1903, §1288; RC 1919, §909; SDC 1939, §10.0807.
Structure South Dakota Codified Laws
Chapter 11 - Extinction And Alteration Of Contracts
Section 53-11-1 - Extinguishment of contracts--Methods.
Section 53-11-2 - Rescission by party to contract--Grounds.
Section 53-11-5 - Restoration of everything of value by party rescinding.
Section 53-11-6 - Extinction by destruction or cancellation of contract or signatures by consent.