South Dakota Statutes

§ 56-1-17 — Liability of guarantor of conditional obligation--Notice of default.

South Dakota § 56-1-17
JurisdictionSouth Dakota
Title 56GUARANTY, SURETYSHIP AND INDEMNITY
Ch. 56-1GUARANTY

This text of South Dakota § 56-1-17 (Liability of guarantor of conditional obligation--Notice of default.) 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 § 56-1-17 (2026).

Text

Where one guarantees a conditional obligation his liability is commensurate with that of the principal, and he is not entitled to notice of the default of the principal unless he is unable, by the exercise of reasonable diligence, to acquire information of such default, and the creditor has actual notice thereof.

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Legislative History

SDC 1939, § 26.0111.

Nearby Sections

15
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Bluebook (online)
South Dakota § 56-1-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-17.