55-7-3. A thing done "in good faith" defined. A thing is done "in good faith" within the meaning of §§ 55-7-2 to 55-7-15, inclusive, when it is in fact done honestly, whether it be done negligently or not.
Source: SL 1943, ch 19, § 1; SDC Supp 1960, § 6.0701 (2).
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