56-1-24. Liability of guarantor exonerated by agreement altering original obligation of debtor or impairing remedy of creditor not restored by rescission of such agreement.
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/sd/title-56/chapter-56-1/56-1-24A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The rescission of an agreement altering the original obligation of a debtor or impairing the remedy of a creditor does not restore the liability of a guarantor who has been exonerated by such agreement.