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Code · South Dakota · Title 56 · Chapter 56-1

56-1-27. Liability of indemnified guarantor.

39 words·~1 min read·/sd/title-56/chapter-56-1/56-1-27

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A guarantor who has been indemnified by the principal is liable to the creditor to the extent of the indemnity notwithstanding that the creditor, without the assent of the guarantor, may have modified the contract or released the principal.
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