South Dakota Codified Laws 3-21-13. Restrictions on agreements providing for indemnification
Current as of: 2023 | Check for updates
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No agreement providing for indemnification by the state is enforceable against the state, except to the extent that liability coverage is provided for the indemnification pursuant to § 3-22-1, funds are specifically appropriated by the Legislature to provide for the indemnification, or the Legislature has expressly authorized the indemnification.
Terms Used In South Dakota Codified Laws 3-21-13
- 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 2019, ch 25, § 1.