Compromise of judgment by delivery of bonds to creditor.

  1. Law
  2. South Dakota Codified Laws
  3. Municipal Government
  4. General Obligation Bonds
  5. Compromise of judgment by delivery of bonds to creditor.

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9-26-22. Compromise of judgment by delivery of bonds to creditor.

Any municipality may compromise and settle with any such judgment creditor by the delivery of any amount of judgment bonds less than the amount due upon such judgment that such creditor may be willing to accept in settlement of such judgment.

Source: SL 1905, ch 65, §4; RC 1919, §6426; SDC 1939, §45.2320.


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