28-11-412. Exoneration of surety. A surety is exonerated:
(1) in like manner with a guarantor;
(2) to the extent to which the surety is prejudiced by any act of the creditor that would naturally prove injurious to the remedies of the surety or inconsistent with the surety's rights or that lessens the surety's security; or
(3) to the extent to which the surety is prejudiced by an omission of the creditor, when required by the surety, to do anything that it is the creditor's duty to do.
History: En. Sec. 3684, Civ. C. 1895; re-en. Sec. 5686, Rev. C. 1907; re-en. Sec. 8201, R.C.M. 1921; Cal. Civ. C. Sec. 2840; Field Civ. Sec. 1564; re-en. Sec. 8201, R.C.M. 1935; amd. Sec. 8, Ch. 185, L. 1977; R.C.M. 1947, 30-407; amd. Sec. 832, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 28. Contracts and Other Obligations
Chapter 11. Guaranty, Indemnity, and Suretyship
28-11-402. When apparent principal may show surety
28-11-403. Interpretation of contract of suretyship
28-11-404. Suretyship unaffected by judgment against surety
28-11-405. through 28-11-410 reserved
28-11-411. Extent of surety's liability
28-11-412. Exoneration of surety
28-11-413. Effect of performance or offer of performance on surety's liability
28-11-414. Application to surety of rights of guarantor
28-11-415. Power of surety to compel principal to perform
28-11-416. When surety may require creditor to pursue remedy
28-11-417. Surety's right to reimbursement and contribution
28-11-418. Surety entitled to benefit of security held by creditor or cosurety
28-11-419. Creditor entitled to benefit of security held by surety