South Dakota Codified Laws 9-26-22. Compromise of judgment by delivery of bonds to creditor
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Any municipality may compromise and settle with any such judgment creditor by the delivery of any amount of judgment bonds less than the amount due upon such judgment that such creditor may be willing to accept in settlement of such judgment.
Terms Used In South Dakota Codified Laws 9-26-22
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Source: SL 1905, ch 65, § 4; RC 1919, § 6426; SDC 1939, § 45.2320.