There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 56 GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 01. Guaranty
§56-1-13 Recovery upon guaranty that obligation is good or collectible.
SD Codified L § 56-1-13 (through 2012) What's This?
56-1-13. Recovery upon guaranty that obligation is good or collectible. In the cases mentioned in § 56-1-12, the removal of the principal from the state, leaving no property therein from which the obligation might be satisfied, is equivalent to the insolvency of the principal in its effect upon the rights and obligations of the guarantor.
Source: SDC 1939, § 26.0108.
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