15-8-14. Joint tort-feasor not entitled to contribution to settlement unless liability extinguished.
A joint tort-feasor who enters into a settlement with the injured person is not entitled to recover contribution from another joint tort-feasor whose liability to the injured person is not extinguished by the settlement.
Source: SL 1945, ch 167, §2; SDC Supp 1960, §33.04A03 (3).