Montana § 28-11-215 Exoneration Of Guarantor Indemnified By Principal

Montana Statutes

§ 28-11-215 — Exoneration Of Guarantor Indemnified By Principal

Montana § 28-11-215

Title 28CONTRACTS AND OTHER OBLIGATIONS

Ch. 11GUARANTY, INDEMNITY, AND SURETYSHIP

Part 2Guaranty -- Liability and Exoneration of Guarantor

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Bluebook

Mont. Code Ann. § 28-11-215 (2026).

Text

28-11-215 . Exoneration of guarantor indemnified by principal. A guarantor who has been indemnified by the principal is liable to the creditor to the extent of the indemnity notwithstanding that the creditor, without the assent of the guarantor, may have modified the contract or released the principal.

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Legislative History

En. Sec. 3655, Civ. C. 1895; re-en. Sec. 5678, Rev. C. 1907; re-en. Sec. 8193, R.C.M. 1921; Cal. Civ. C. Sec. 2824; Field Civ. C. Sec. 1556; re-en. Sec. 8193, R.C.M. 1935; R.C.M. 1947, 30-213.