South Dakota Statutes
§ 56-1-22 — Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors.
A guarantor is exonerated except so far as he may be indemnified by the principal if by any act of the creditor, without the consent of the guarantor, the original obligation of the principal is altered in any respect or the remedies or rights of the creditor against the principal in respect thereto in any way impaired or suspended.
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South Dakota § 56-1-22 (Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
First National Bank of Beresford v. Nelson
323 N.W.2d 879 (South Dakota Supreme Court, 1982)
First Dakota National Bank v. Maxon
534 N.W.2d 37 (South Dakota Supreme Court, 1995)
Lane v. Travelers Indemnity Co.
1997 SD 58 (South Dakota Supreme Court, 1997)
Legislative History
SDC 1939, § 26.0116.