54-1-4. Preference of creditors by debtor. A debtor may pay one creditor in preference to another, or may give to one creditor security for the payment of his demand in preference to another.
Source: CivC 1877, § 2021; CL 1887, § 4654; RCivC 1903, § 2366; RC 1919, § 2039; SDC 1939, § 23.0103.
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