A thing done "in good faith" defined.
A thing is done "in good faith" within the meaning of §§ 55-7-2 to 55-7-15, inclusive, when it is in fact done honestly, whether it be done negligently or not.
S.D. Codified Laws § 55-7-3
A thing done "in good faith" defined
Known as the Uniform Fiduciaries Act
The act spans §§ 55–55 (15 sections).
Applied in 2 court decisions — leading case Rite Aid Corp. v. Hagley (2003)
Most recently applied in Rite Aid Corp. v. Hagley (May 2003)
Source: SL 1943, ch 19, § 1; SDC Supp 1960, § 6.0701 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.