South Dakota Statutes
§ 56-2-12 — Liability of surety limited by express terms of contract--Penalty for breach.
South Dakota § 56-2-12
This text of South Dakota § 56-2-12 (Liability of surety limited by express terms of contract--Penalty for breach.) 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 § 56-2-12 (2026).
Text
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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Related
Sheehan v. Morris Irrigation
410 N.W.2d 569 (South Dakota Supreme Court, 1987)
Legislative History
SDC 1939, § 26.0202.
Nearby Sections
15
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Bluebook (online)
South Dakota § 56-2-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-2-12.