56-2-14. Satisfaction of principal obligation by surety--Reimbursement, exception as to other persons.
If a surety satisfies the principal obligation or any part thereof, whether with or without legal proceedings, the principal is bound to reimburse what he has disbursed including necessary costs and expenses, but the surety has no claim for reimbursement against other persons, though they may have been benefited by his act, except as prescribed by §56-2-15.
Source: SDC 1939, §26.0209.
Structure South Dakota Codified Laws
Title 56 - Guaranty, Suretyship and Indemnity
Section 56-2-1 - Suretyship defined.
Section 56-2-2 - Apparent principal may show that he is a surety.
Section 56-2-4 - Rights of a surety same as guarantor.
Section 56-2-5 - Performance of obligation when due by principal--Compelling by surety.
Section 56-2-7 - Property of principal first resorted to.
Section 56-2-8 - Surety exonerated in like manner with guarantor.
Section 56-2-9 - Surety exonerated by performance or offer of performance.
Section 56-2-10 - Surety exonerated to extent prejudiced by act of creditor.
Section 56-2-11 - Surety exonerated to extent prejudiced by omission of creditor.
Section 56-2-12 - Liability of surety limited by express terms of contract--Penalty for breach.
Section 56-2-13 - Suretyship relation not changed by creditor's judgment against surety.