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2012 South Dakota Codified Laws
Title 56 GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 01. Guaranty
§56-1-16 Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary.


SD Codified L § 56-1-16 (through 2012) What's This?


56-1-16. Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary. A guarantor of payment or performance is liable to the guarantee immediately upon the default of the principal and without demand or notice.

Source: SDC 1939, § 26.0110.

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