South Dakota § 9-26-23 - Agreement with judgment creditor for satisfaction of judgment on delivery of bonds--Filing of agreement.
Full text of South Dakota South Dakota Codified Laws § 9-26-23 — Agreement with judgment creditor for satisfaction of judgment on delivery of bonds--Filing of agreement., with citation guidance and answers to common questions.
§ 9-26-23. Agreement with judgment creditor for satisfaction of judgment on delivery of bonds--Filing of agreement.
No judgment bonds shall be issued and delivered to the judgment creditor until after the execution of an agreement between such municipality and such judgment creditor to the effect that upon the payment of the principal and interest upon said bonds according to the terms thereof, such judgment shall be satisfied and discharged, and that prior to the payment in full of the principal and interest of said bonds, together with interest thereon according to the terms and conditions thereof, said judgment shall remain in full force and effect as security for the payment of such principal and interest; and that so long as such municipality shall not make default for more than sixty days in the payment of the principal of such bonds or of the interest thereon, said judgment creditor shall take no proceedings at law or otherwise to enforce payment of such judgment.
Such agreement shall be executed in triplicate and one copy thereof shall be delivered to the judgment creditor, one copy shall remain in the custody of the auditor or clerk, and the third copy shall be filed in the office of the clerk of the court in which such judgment is entered and a memorandum of such contract entered upon the judgment docket of the court.
Source: SL 1905, ch 65, § 2; RC 1919, § 6424; SDC 1939, § 45.2318.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 9-26-23
What does South Dakota Codified Laws § 9-26-23 cover?
Section 9-26-23 ("Agreement with judgment creditor for satisfaction of judgment on delivery of bonds--Filing of agreement.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 9-26-23?
A common citation format is "South Dakota Codified Laws § 9-26-23" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 9-26-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.