56-3-3. Indemnity for past wrongful act valid.

An agreement to indemnify a person against an act already done is valid, even though the act was known to be wrongful, unless it was a felony.

Source: SDC 1939, § 31.3103; repealed SL 1966, ch 111, § 5; re-enacted SL 1967, ch 235, § 3.