South Dakota § 56-3-3 Indemnity for past wrongful act valid.

South Dakota Statutes

§ 56-3-3 — Indemnity for past wrongful act valid.

South Dakota § 56-3-3

Title 56GUARANTY, SURETYSHIP AND INDEMNITY

Ch. 56-3INDEMNITY

This text of South Dakota § 56-3-3 (Indemnity for past wrongful act valid.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 56-3-3 (2026).

Text

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.

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Legislative History

SDC 1939, § 31.3103; repealed SL 1966, ch 111, § 5; re

Nearby Sections

15

§ 56-1-1

Guaranty defined.

§ 56-1-10

Acceptance of guaranty.

§ 56-1-11

Guaranty of incomplete contract.

§ 56-1-12

Guaranty that obligation is good or collectible.

§ 56-1-13

Recovery upon guaranty that obligation is good or collectible.

§ 56-1-14

Failure to take proceedings upon principal debt does not discharge guaranty of solvency.

§ 56-1-15

Construction of guaranty--Unconditional in absence of terms importing condition precedent.

§ 56-1-16

Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary.

§ 56-1-17

Liability of guarantor of conditional obligation--Notice of default.

§ 56-1-18

Obligations of guarantor--Scope and limitations.

§ 56-1-19

Liability of guarantor--Contract of principal unlawful--Personal disability of principal.

§ 56-1-2

Knowledge of principal unnecessary to creation of guaranty.

§ 56-1-20

Continuing guaranty defined.

§ 56-1-21

Revocation of continuing guaranty--Exception.

§ 56-1-22

Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors.

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Bluebook (online)

South Dakota § 56-3-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-3-3.