South Dakota Statutes
§ 56-2-12 — Liability of surety limited by express terms of contract--Penalty for breach.
A surety cannot be held beyond the express terms of his contract, and if such contract prescribes a penalty for its breach, he cannot in any case be liable for more than the penalty.
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South Dakota § 56-2-12 (Liability of surety limited by express terms of contract--Penalty for breach.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Sheehan v. Morris Irrigation
410 N.W.2d 569 (South Dakota Supreme Court, 1987)
Legislative History
SDC 1939, § 26.0202.