Actions on contracts, surety bonds, or bonds of indemnity or liability, other than those referred to in §  15-5-4 , issued by any such company or companies shall be brought and tried in the county where the indemnified resides at the time said action is commenced; or in the county where such liability or loss indemnified by such contract or bond occurred.

Terms Used In South Dakota Codified Laws 15-5-5

  • Contract: A legal written agreement that becomes binding when signed.

Source: SDC 1939, § 33.0302; SL 1943, ch 123.