South Dakota Statutes

§ 56-2-7 — Property of principal first resorted to.

South Dakota § 56-2-7
JurisdictionSouth Dakota
Title 56GUARANTY, SURETYSHIP AND INDEMNITY
Ch. 56-2SURETYSHIP

This text of South Dakota § 56-2-7 (Property of principal first resorted to.) 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 § 56-2-7 (2026).

Text

Whenever property of a surety is hypothecated with the property of the principal, the surety is entitled to have the property of the principal first applied to the discharge of the obligation.

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Related

State of Wis. Inv. Bd. v. Hurst
410 N.W.2d 560 (South Dakota Supreme Court, 1987)
12 case citations

Legislative History

SDC 1939, § 26.0212.

Nearby Sections

15
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Bluebook (online)
South Dakota § 56-2-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/56-2-7.