South Dakota Codified Laws 32-35-59. Amount sufficient to satisfy judgment–Judgment deemed satisfied
Judgments referred to in §§ 32-35-43 to 32-35-62, inclusive, shall, for the purpose of this chapter only, be deemed satisfied:
(1) If twenty–five thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one accident; or
Terms Used In South Dakota Codified Laws 32-35-59
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) If, subject to the limit of twenty–five thousand dollars because of bodily injury to or death of one person, the sum of fifty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of two or more persons as the result of any one accident; or
(3) If twenty–five thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident.
However, payments made in settlements of any claims because of bodily injury, death, or property damage arising from the accident shall be credited to reduce the amounts provided for in this section.
Source: SL 1957, ch 212, § 43; SDC Supp 1960, § 44.03A43; SL 1970, ch 185; SL 1985, ch 266, § 2.