North Dakota Statutes
§ 22-01-15 — When guarantor exonerated
A guarantor is exonerated, except insofar as the guarantor may be indemnified by the principal, if, by any act of the creditor without the consent of the guarantor:
1.The original obligation of the principal is altered in any respect; or
2.The remedies or rights of the creditor against the principal in respect thereto are
impaired or suspended in any manner.
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Related
State v. Noorlun
2005 ND 189 (North Dakota Supreme Court, 2005)
State Bank of Towner, Inc. v. Rauh
288 N.W.2d 299 (North Dakota Supreme Court, 1980)
Sterling Development Group Three, LLC v. Carlson
2015 ND 39 (North Dakota Supreme Court, 2015)
AG Services of America, Inc. v. Midwest Investment Ltd. Partnership
1998 ND 189 (North Dakota Supreme Court, 1998)
American Federal Bank v. Grommesh
2021 ND 228 (North Dakota Supreme Court, 2021)
Interest of L.J.
2005 ND 182 (North Dakota Supreme Court, 2005)
Nearby Sections
15
§ 22-01-01
Definitions§ 22-01-05
When a guaranty need not be in writing§ 22-01-06.2
Surety or guarantor may withdraw within ten days§ 22-01-06.3
When account furnished surety or guarantor§ 22-01-06.4
Surety or guarantor may withdraw at any time§ 22-01-06.5
Public policy