North Dakota Statutes
§ 22-03-03 — Limitations on liability of surety
A surety cannot be held beyond the express terms of the surety's contract and if such
contract prescribes a penalty for its breach, the surety cannot be liable in any case for more
than the penalty.
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North Dakota § 22-03-03 (Limitations on liability of surety) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Larson v. Granite Re, Inc.
532 F.3d 724 (Eighth Circuit, 2008)
L&C Expedition v. Swenson, Hagen and Co.
2023 ND 29 (North Dakota Supreme Court, 2023)
United States v. Western Surety Company
(D. North Dakota, 2020)
Dennis Larson v. Granite Re Inc.
(Eighth Circuit, 2008)
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