A thing done "in good faith" defined.

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Third Party Responsibility For Fiduciary Acts
  5. A thing done "in good faith" defined.

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55-7-3. 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.

Source: SL 1943, ch 19, §1; SDC Supp 1960, §6.0701 (2).


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