Performance of an obligation, by one of several persons who are jointly liable under it, extinguishes the liability of all.
S.D. Codified Laws § 20-4-2
Joint obligation extinguished by performance by one person
Applied in 1 court decision — leading case Reiners v. Sherard (1975)
Most recently applied in Reiners v. Sherard (October 1975)
Source: CivC 1877, § 828; CL 1887, § 3452; RCivC 1903, § 1145; RC 1919, § 752; SDC 1939, § 47.0202.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.