S.D. Codified Laws § 56-1-14

Current through the 2024 Legislative Session
Section 56-1-14 - Failure to take proceedings upon principal debt does not discharge guaranty of solvency

A guaranty such as is mentioned in § 56-1-12 is not discharged by any omission to take proceedings upon the principal debt or upon any collateral security for its payment, if no part of the debt could have been collected thereby.

SDCL 56-1-14

SDC 1939, § 26.0108.