Contract for benefit of third person--Enforcement by beneficiary, limitation of time

A contract made expressly for the benefit of a third person may be enforced by him at any time before the parties thereto rescind it. Source: CivC 1877, § 875; CL 1887, § 3499; RCivC 1903, § 1193; RC 1919, § 808; SDC 1939, § 10.0204.