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2012 Missouri Revised Statutes
TITLE XXVIII CONTRACTS AND CONTRACTUAL RELATIONS
Chapter 433 Suretyship
Section 433.100 Failure to prosecute such action exonerates surviving surety.
Universal Citation:
MO Rev Stat § 433.100 (2012)
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Failure to prosecute such action exonerates surviving surety.
433.100. If such action be not begun by the party having the right thereof, within a reasonable time after being notified as above provided so to do, and proceeded in with due diligence in the ordinary course of law to a final determination of the issues, the surety giving such notice shall be exonerated from liability to the person so notified; provided, that two or more sureties may join in the same notice; provided further, that the service of notice on the administrator or executor of the estate, or the waiver thereof, shall be deemed to be the commencement of such action within the meaning of sections 433.090 and 433.100.
(RSMo 1939 3323)Prior revisions: 1929 2936; 1919 12692; 1909 11274
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