20-4-3. Joint right extinguished by performance to one person--Deposit excepted.An obligation in favor of several persons is extinguished by performance rendered to any of them, except in the case of a deposit made by owners in common, or in joint ownership, which is regulated by the law on deposit. Source: CivC 1877, §829; CL 1887, §3453; RCivC 1903, §1146; RC 1919, §753; SDC 1939, §47.0203.
South Dakota Legal Code