North Dakota § 22-03-07 Rights of surety same as rights of guarantor

North Dakota Statutes

§ 22-03-07 — Rights of surety same as rights of guarantor

North Dakota § 22-03-07

Title 22Guaranty, Indemnity, and Suretyship

Ch. 22-03Suretyship

This text of North Dakota § 22-03-07 (Rights of surety same as rights of guarantor) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 22-03-07 (2026).

Text

A surety has all the rights of a guarantor whether the surety becomes personally
responsible or not.

Free access — add to your briefcase to read the full text and ask questions with AI

Nearby Sections

15

§ 22-01-01

Definitions

§ 22-01-02

Knowledge or consent of principal unnecessary to guaranty

§ 22-01-03

Original obligation sufficient consideration - Exception

§ 22-01-04

Guaranty to be in writing - Exception - Consideration need not be expressed

§ 22-01-05

When a guaranty need not be in writing

§ 22-01-06

Acceptance of offer to guaranty required - Exception in case of absolute guaranty

§ 22-01-06.1

When notice of acceptance to guarantor or surety required

§ 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

§ 22-01-07

Guaranty of contract the terms of which are unsettled - Interpretation

§ 22-01-08

Guaranty of solvency - Failure to take proceedings to collect - Removal of principal from state

§ 22-01-09

Guaranty deemed unconditional - Exception

§ 22-01-10

Guarantor of payment is liable upon default of principal - Demand or notice not required

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

North Dakota § 22-03-07, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/22-03-07.