South Dakota Statutes

§ 56-3-6 — Persons indemnifying liable jointly or severally with person indemnified.

South Dakota·Title 56 GUARANTY, SURETYSHIP AND INDEMNITY·Ch. 56-3 INDEMNITY

One who indemnifies another against an act to be done by the latter, is liable jointly with the person indemnified, and separately to every person injured by such act.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 56-3-6 (Persons indemnifying liable jointly or severally with person indemnified.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SDC 1939, § 31.3106; repealed SL 1966, ch 111, § 5; re

Nearby Sections

15

§ 56-1-1

Guaranty defined.

§ 56-1-10

Acceptance of guaranty.

§ 56-1-11

Guaranty of incomplete contract.

§ 56-1-12

Guaranty that obligation is good or collectible.

§ 56-1-13

Recovery upon guaranty that obligation is good or collectible.

§ 56-1-14

Failure to take proceedings upon principal debt does not discharge guaranty of solvency.

§ 56-1-15

Construction of guaranty--Unconditional in absence of terms importing condition precedent.

§ 56-1-16

Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary.

§ 56-1-17

Liability of guarantor of conditional obligation--Notice of default.

§ 56-1-18

Obligations of guarantor--Scope and limitations.

§ 56-1-19

Liability of guarantor--Contract of principal unlawful--Personal disability of principal.

§ 56-1-2

Knowledge of principal unnecessary to creation of guaranty.

§ 56-1-20

Continuing guaranty defined.

§ 56-1-21

Revocation of continuing guaranty--Exception.

§ 56-1-22

Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors.

View on official source ↗