South Dakota § 56-1-2 Knowledge of principal unnecessary to creation of guaranty.

South Dakota Statutes

§ 56-1-2 — Knowledge of principal unnecessary to creation of guaranty.

South Dakota § 56-1-2

Title 56GUARANTY, SURETYSHIP AND INDEMNITY

Ch. 56-1GUARANTY

This text of South Dakota § 56-1-2 (Knowledge of principal unnecessary to creation of guaranty.) 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 § 56-1-2 (2026).

Text

A person may become guarantor even without the knowledge or consent of the principal.

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Legislative History

SDC 1939, § 26.0102.

Nearby Sections

15

§ 56-1-1

Guaranty defined.

§ 56-1-10

Acceptance of guaranty.

§ 56-1-11

Guaranty of incomplete contract.

§ 56-1-12

Guaranty that obligation is good or collectible.

§ 56-1-13

Recovery upon guaranty that obligation is good or collectible.

§ 56-1-14

Failure to take proceedings upon principal debt does not discharge guaranty of solvency.

§ 56-1-15

Construction of guaranty--Unconditional in absence of terms importing condition precedent.

§ 56-1-16

Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary.

§ 56-1-17

Liability of guarantor of conditional obligation--Notice of default.

§ 56-1-18

Obligations of guarantor--Scope and limitations.

§ 56-1-19

Liability of guarantor--Contract of principal unlawful--Personal disability of principal.

§ 56-1-2

Knowledge of principal unnecessary to creation of guaranty.

§ 56-1-20

Continuing guaranty defined.

§ 56-1-21

Revocation of continuing guaranty--Exception.

§ 56-1-22

Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors.

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Bluebook (online)

South Dakota § 56-1-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-2.