GroundRules
SDCL § 56-1-14: Failure to take proceedings upon principal debt does not discharge guaranty of solvency.
Where this section sits in the code
- TITLE 56. GUARANTY, SURETYSHIP AND INDEMNITY
- CHAPTER 56-1. GUARANTY
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.
Collected 2026-09-03T15:18:57Z. Source file · JSON