South Dakota Codified Laws 56-3-17. Conflicting provision in construction contract unlawful and unenforceable
Current as of: 2023 | Check for updates
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Any indemnification provision in a construction contract in conflict with § 56-3-16 shall be unlawful and unenforceable.
Terms Used In South Dakota Codified Laws 56-3-17
- Contract: A legal written agreement that becomes binding when signed.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
Source: SL 1972, ch 256, § 2.