North Dakota Statutes
§ 22-01-20 — Indemnified guarantor - Liability
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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North Dakota § 22-01-20 (Indemnified guarantor - Liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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