54-3-16 Official state interest rates.
     54-3-16.   Official state interest rates. The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows:
             (1)      Category A rate of interest is four and one-half percent per year;
             (2)      Category B rate of interest is ten percent per year;
             (3)      Category C rate of interest is twelve percent per year;
             (4)      Category D rate of interest is one percent per month or fraction thereof;
             (5)      Category E rate of interest is four percent per year;
             (6)      Category F rate of interest is fifteen percent per year; and
             (7)      Category G rate of interest is five-sixth percent per month or fraction thereof.

Source: SL 1984, ch 319, § 1; SL 1987, ch 362; SL 1994, ch 366, § 1; SL 2000, ch 226, § 1.