State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-16

56-1-16. Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary. A guarantor of payment or performance is liable to the guarantee immediately upon the default of the principal and without demand or notice.

Source: SDC 1939, § 26.0110.

State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-16

56-1-16. Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary. A guarantor of payment or performance is liable to the guarantee immediately upon the default of the principal and without demand or notice.

Source: SDC 1939, § 26.0110.