This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Impact in South Dakota

South Dakota law sets the prejudgment interest rate at the rate specified for Category B judgments under § 54-3-16(2). That rate is 10 percent per year, as established by S.D. Codified Laws § 21-1-13.1. The interest accrues on the principal amount of the judgment from the date the cause of action accrued, not from the date of the verdict or judgment. The statute provides the framework for how this interest is calculated, including any applicable exceptions or adjustments. The worked example below demonstrates the application of this 10 percent rate to a specific set of facts. For an estimate tailored to your own case, use the DocketMath calculator.

Governing authority

In South Dakota, the impact rule is set by S.D. Codified Laws § 21-1-13.1 (Category B, § 54-3-16(2)). The verified packet cites S.D. Codified Laws § 21-1-13.1 (Category B, § 54-3-16(2)) (https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&Statute=21-1-13).

South Dakota impact: the verified value is 10% under S.D. Codified Laws § 21-1-13.1 (Category B, § 54-3-16(2)). The verified packet cites S.D. Codified Laws § 21-1-13.1 (Category B, § 54-3-16(2)) (https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&Statute=21-1-13).

Estimate your own result: every situation has exceptions that can change the outcome. Use the impact calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.