Joint obligation extinguished by performance by one person

SDCL § 20-4-2 — under PERFORMANCE OF OBLIGATIONS.

SDCL § 20-4-2

Performance of an obligation, by one of several persons who are jointly liable under it, extinguishes the liability of all. Source: CivC 1877, § 828; CL 1887, § 3452; RCivC 1903, § 1145; RC 1919, § 752; SDC 1939, § 47.0202.