Law governing transactions not within Uniform Fiduciaries Act

In any case not provided for in §§ 55-7-2 to 55-7-15 , inclusive, the rules of law and equity, including the law merchant and those rules of law and equity relating to trusts, agency, negotiable instruments and banking, shall continue to apply. Source: SL 1943, ch 19, § 12; SDC Supp 1960, § 6.0712.