South Dakota Codified Laws 56-3-1. Indemnity defined
Current as of: 2023 | Check for updates
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Indemnity is a contract by which one engages to save another from a legal consequence of the conduct of one of the parties, or of some other person.
Terms Used In South Dakota Codified Laws 56-3-1
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 31.3101; repealed SL 1966, ch 111, § 5; re-enacted SL 1967, ch 235, § 1.