North Dakota § 22-01-14 Revocation of continuing guaranty

North Dakota Statutes

§ 22-01-14 — Revocation of continuing guaranty

North Dakota·Title 22 Guaranty, Indemnity, and Suretyship·Ch. 22-01 Guaranty

A continuing guaranty may be revoked at any time by the guarantor in respect to future
transactions unless there is a continuing consideration as to such transactions which the
guarantor does not renounce. If the contract of guaranty signed by the guarantor so states, the
revocation must be in writing and delivered to the guarantee. If the contract does not so state,
an oral attempt to revoke is not effective if at the time of the oral communication the guarantee
requests delivery of a written revocation and confirms the request in writing.

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A continuing guaranty may be revoked at any time by the guarantor in respect to future
transactions unless there is a continuing consideration as to such transactions which the
guarantor does not renounce. If the contract of guaranty signed by the guarantor so states, the
revocation must be in writing and delivered to the guarantee. If the contract does not so state,
an oral attempt to revoke is not effective if at the time of the oral communication the guarantee
requests delivery of a written revocation and confirms the request in writing.

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