15-8-17. Joint tort-feasor not discharged by release of another--Claim reduced by amount stated in release.
A release by the injured person of one joint tort-feasor, whether before or after judgment, does not discharge the other tort-feasors unless the release so provides; but reduces the claim against the other tort-feasors in the amount of the consideration paid for the release, or in any amount or proportion by which the release provides that the total claim shall be reduced, if greater than the consideration paid.
Source: SL 1945, ch 167, §4; SDC Supp 1960, §33.04A05.