South Dakota Statutes
§ 56-1-25 — Obligation of guarantor reduced by partial satisfaction of obligation.
South Dakota § 56-1-25
This text of South Dakota § 56-1-25 (Obligation of guarantor reduced by partial satisfaction of obligation.) 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 § 56-1-25 (2026).
Text
The acceptance by a creditor of anything in partial satisfaction of an obligation reduces the obligation of a guarantor thereof in the same measure as that of the principal, but does not otherwise affect it.
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Related
First National Bank of Minneapolis v. Kehn Ranch, Inc.
394 N.W.2d 709 (South Dakota Supreme Court, 1986)
Legislative History
SDC 1939, § 26.0119.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 56-1-25, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-25.