S.D. Codified Laws § 56-1-3

Current through the 2024 Legislative Session
Section 56-1-3 - Consideration-When required

Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.

SDCL 56-1-3

SDC 1939, § 26.0103.