South Dakota Codified Laws > Title 31 > Chapter 23 – Performance Bonds On Highway Contracts


§ 31-23-1	Performance bond required–Amount of bond–Conditions of bond
§ 31-23-2	Laborer’s or materialman’s suit on bond–Time for payment
§ 31-23-3	Subcontractor’s creditors’ right of action on bond–Time for payment–Written noticerequired–Contents of notice–Service of notice
§ 31-23-4	Title of suit–Venue–Limitations–Costs and expenses

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Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
Service of process: The service of writs or summonses to the appropriate party.
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.
written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2