Payment by debtor to officer holding execution--Officer's receipt as discharge

After the issuing of execution against property any person indebted to the judgment debtor may pay to the officer the amount of such indebtedness, or so much thereof as is necessary to satisfy the execution, and the officer's receipt shall be sufficient discharge thereof, except in cases of negotiable instruments which the officer does not have in possession. Source: SDC 1939 & Supp 1960, § 33.1918; SL 1973, ch 126, § 4.