South Dakota Statutes
§ 56-1-12 — Guaranty that obligation is good or collectible.
South Dakota § 56-1-12
This text of South Dakota § 56-1-12 (Guaranty that obligation is good or collectible.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 56-1-12 (2026).
Text
A guaranty to the effect that an obligation is good or is collectible imports that the debtor is solvent and that the demand is collectible by the usual legal proceedings, if taken with reasonable diligence.
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Legislative History
SDC 1939, § 26.0108.
Nearby Sections
15
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Bluebook (online)
South Dakota § 56-1-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-12.