South Dakota Statutes

§ 56-1-14 — Failure to take proceedings upon principal debt does not discharge guaranty of solvency.

South Dakota § 56-1-14
JurisdictionSouth Dakota
Title 56GUARANTY, SURETYSHIP AND INDEMNITY
Ch. 56-1GUARANTY

This text of South Dakota § 56-1-14 (Failure to take proceedings upon principal debt does not discharge guaranty of solvency.) 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 § 56-1-14 (2026).

Text

A guaranty such as is mentioned in § 56-1-12 is not discharged by any omission to take proceedings upon the principal debt or upon any collateral security for its payment, if no part of the debt could have been collected thereby.

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Legislative History

SDC 1939, § 26.0108.

Nearby Sections

15
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Bluebook (online)
South Dakota § 56-1-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-14.