State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-20

56-1-20. "Continuing guaranty" defined. A guaranty relating to a future liability of the principal, under successive transactions which either continue his liability or from time to time renew it after it has been satisfied, is called a continuing guaranty.

Source: SDC 1939, § 26.0114.

State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-20

56-1-20. "Continuing guaranty" defined. A guaranty relating to a future liability of the principal, under successive transactions which either continue his liability or from time to time renew it after it has been satisfied, is called a continuing guaranty.

Source: SDC 1939, § 26.0114.