There is a newer version of the South Dakota Codified Laws
2016 South Dakota Codified Laws
Title 56 - GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 02 - Suretyship
§ 56-2-1 Suretyship defined.
SD Codified L § 56-2-1 (2016) What's This?
56-2-1. Suretyship defined. Suretyship is a contract by which one who at the request of another and for the purpose of securing to him a benefit becomes responsible for the performance by the latter of some act in favor of a third person or hypothecates property as security therefor.
Source: SDC 1939, ยง 26.0201.
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