Section 21-18-16 - Judgment not rendered on foreign corporation's liability paid by negotiable instrument

21-18-16. Judgment not rendered on foreign corporation's liability paid by negotiable instrument.No judgment shall be rendered upon a liability of the garnishee arising by reason of any money or indebtedness due and owing to the principal defendant from a foreign corporation, which such corporation shall have paid, or for which it shall have issued its negotiable check, draft, or bill of exchange, prior to actual notice to said corporation of service of summons in garnishment. Source: SL 1925, ch 183; SDC 1939 & Supp 1960, §37.2819 (5).