South Dakota Statutes
§ 56-1-27 — Liability of indemnified guarantor.
South Dakota § 56-1-27
This text of South Dakota § 56-1-27 (Liability of indemnified guarantor.) 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 § 56-1-27 (2026).
Text
A guarantor who has been indemnified by the principal is liable to the creditor to the extent of the indemnity notwithstanding that the creditor, without the assent of the guarantor, may have modified the contract or released the principal.
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Legislative History
SDC 1939, § 26.0121.
Nearby Sections
15
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Bluebook (online)
South Dakota § 56-1-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-27.