32-35-59 — Amount sufficient to satisfy judgment--Judgment deemed satisfied.
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32-35-59.
Amount sufficient to satisfy judgment--Judgment deemed satisfied.
Judgments
referred to in §§ 32-35-43 to 32-35-62, inclusive, shall, for the purpose of this chapter only, be
deemed satisfied:
(1)
If twenty-five thousand dollars has been credited upon any judgment or judgments
rendered in excess of that amount because of bodily injury to or death of one person as
the result of any one accident; or
(2)
If, subject to the limit of twenty-five thousand dollars because of bodily injury to or death
of one person, the sum of fifty thousand dollars has been credited upon any judgment or
judgments rendered in excess of that amount because of bodily injury to or death of two
or more persons as the result of any one accident; or
(3)
If twenty-five thousand dollars has been credited upon any judgment or judgments
rendered in excess of that amount because of injury to or destruction of property of others
as a result of any one accident.
However, payments made in settlements of any claims because of bodily injury, death, or
property damage arising from the accident shall be credited to reduce the amounts provided for in
this section.
Source: SL 1957, ch 212, § 43; SDC Supp 1960, § 44.03A43; SL 1970, ch 185; SL 1985, ch 266, § 2.