56-1-14. Failure to take proceedings upon principal debt does not discharge guaranty of solvency.
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/sd/title-56/chapter-56-1/56-1-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A guaranty such as is mentioned in § 56-1-12 is not discharged by any omission to take proceedings upon the principal debt or upon any collateral security for its payment, if no part of the debt could have been collected thereby.