Indemnity is a contract by which one engages to save another from a legal consequence of the conduct of one of the parties, or of some other person.
S.D. Codified Laws § 56-3-1
Indemnity defined
Source: SDC 1939, § 31.3101; repealed SL 1966, ch 111, § 5; re-enacted SL 1967, ch 235, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.