Statutes, codes, and regulations
South Dakota Codified Laws
Title 56 - GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 1 - GUARANTY
Section 56-1-25 - Obligation of guarantor reduced by partial satisfaction of obligation

S.D. Codified Laws § 56-1-25

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Current through the 2024 Legislative Session
Section 56-1-25 - Obligation of guarantor reduced by partial satisfaction of obligation

The acceptance by a creditor of anything in partial satisfaction of an obligation reduces the obligation of a guarantor thereof in the same measure as that of the principal, but does not otherwise affect it.

SDCL 56-1-25

SDC 1939, § 26.0119.