S.D. Codified Laws § 56-1-16

Current through the 2024 Legislative Session

Section 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.

SDCL 56-1-16

SDC 1939, § 26.0110.