S.D. Codified Laws § 56-1-10

Current through the 2024 Legislative Session
Section 56-1-10 - Acceptance of guaranty

A mere offer to guarantee is not binding until notice of its acceptance is communicated by the guarantee to the guarantor, but an absolute guaranty is binding upon the guarantor without notice of acceptance.

SDCL 56-1-10

SDC 1939, § 26.0106.