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2012 South Dakota Codified Laws
Title 56 GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 02. Suretyship
§56-2-12 Liability of surety limited by express terms of contract--Penalty for breach.


SD Codified L § 56-2-12 (through 2012) What's This?


56-2-12. Liability of surety limited by express terms of contract--Penalty for breach. A surety cannot be held beyond the express terms of his contract, and if such contract prescribes a penalty for its breach, he cannot in any case be liable for more than the penalty.

Source: SDC 1939, § 26.0202.

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