State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-02 > Statute-56-2-1

56-2-1. "Suretyship" defined. Suretyship is a contract by which one who at the request of another and for the purpose of securing to him a benefit becomes responsible for the performance by the latter of some act in favor of a third person or hypothecates property as security therefor.

Source: SDC 1939, § 26.0201.

State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-02 > Statute-56-2-1

56-2-1. "Suretyship" defined. Suretyship is a contract by which one who at the request of another and for the purpose of securing to him a benefit becomes responsible for the performance by the latter of some act in favor of a third person or hypothecates property as security therefor.

Source: SDC 1939, § 26.0201.