S.D. Codified Laws § 56-1-22
This is the official text of S.D. Codified Laws § 56-1-22, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors
Official statutory text
A guarantor is exonerated except so far as he may be indemnified by the principal if by any act of the creditor, without the consent of the guarantor, the original obligation of the principal is altered in any respect or the remedies or rights of the creditor against the principal in respect thereto in any way impaired or suspended.
Source: SDC 1939, § 26.0116.
Source: SDC 1939, § 26.0116.
Status: in_force · Read it on the official government site
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