South Dakota Codified Laws 56-3-3. Indemnity for past wrongful act valid
Current as of: 2023 | Check for updates
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An agreement to indemnify a person against an act already done is valid, even though the act was known to be wrongful, unless it was a felony.
Terms Used In South Dakota Codified Laws 56-3-3
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 31.3103; repealed SL 1966, ch 111, § 5; re–enacted SL 1967, ch 235, § 3.