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2012 South Dakota Codified Laws
Title 56 GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 01. Guaranty
§56-1-20 Continuing guaranty defined.


SD Codified L § 56-1-20 (through 2012) What's This?


56-1-20. Continuing guaranty defined. A guaranty relating to a future liability of the principal, under successive transactions which either continue his liability or from time to time renew it after it has been satisfied, is called a continuing guaranty.

Source: SDC 1939, § 26.0114.

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