South Dakota Statutes
§ 56-1-3 — Consideration--When required.
South Dakota § 56-1-3
This text of South Dakota § 56-1-3 (Consideration--When required.) 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 § 56-1-3 (2026).
Text
Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.
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Related
Richter v. Industrial Finance Co. Inc.
221 N.W.2d 31 (South Dakota Supreme Court, 1974)
Legislative History
SDC 1939, § 26.0103.
Nearby Sections
15
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Bluebook (online)
South Dakota § 56-1-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-1-3.