South Dakota Codified Laws
Title 56 - Guaranty, Suretyship and Indemnity
Chapter 01 - Guaranty

Section 56-1-1 - Guaranty defined. - 56-1-1. Guaranty defined. A guaranty is a promise to answer...

Section 56-1-2 - Knowledge of principal unnecessary to creation of guaranty. - 56-1-2. Knowledge of principal unnecessary to creation of guaranty. A...

Section 56-1-3 - Consideration--When required. - 56-1-3. Consideration--When required. Where a guaranty is entered into at...

Section 56-1-4 - Requirements as to writing--Signature of guarantor--Expression of consideration unnecessary. - 56-1-4. Requirements as to writing--Signature of guarantor--Expression of consideration unnecessary....

Section 56-1-5 - Promise for consideration to answer for obligation of another--Writing unnecessary. - 56-1-5. Promise for consideration to answer for obligation of another--Writing...

Section 56-1-6 - Obligation which renders the party making the promise the principal debtor, and the person in whose behalf it is made the surety--Writing unnecessary. - 56-1-6. Obligation which renders the party making the promise the...

Section 56-1-7 - Promise for antecedent obligation of another--Writing unnecessary. - 56-1-7. Promise for antecedent obligation of another--Writing unnecessary. A promise...

Section 56-1-8 - Undertaking by factor to sell merchandise and guarantee sale--Writing unnecessary. - 56-1-8. Undertaking by factor to sell merchandise and guarantee sale--Writing...

Section 56-1-9 - Holder of instrument for the payment of money, upon which third person liable, transferring it in payment of precedent debt entering into a promise respecting such instrument--Writing unnecessary. - 56-1-9. Holder of instrument for the payment of money, upon...

Section 56-1-10 - Acceptance of guaranty. - 56-1-10. Acceptance of guaranty. A mere offer to guarantee is...

Section 56-1-11 - Guaranty of incomplete contract. - 56-1-11. Guaranty of incomplete contract. In a guaranty of a...

Section 56-1-12 - Guaranty that obligation is good or collectible. - 56-1-12. Guaranty that obligation is good or collectible. A guaranty...

Section 56-1-13 - Recovery upon guaranty that obligation is good or collectible. - 56-1-13. Recovery upon guaranty that obligation is good or collectible....

Section 56-1-14 - Failure to take proceedings upon principal debt does not discharge guaranty of solvency. - 56-1-14. Failure to take proceedings upon principal debt does not...

Section 56-1-15 - Construction of guaranty--Unconditional in absence of terms importing condition precedent. - 56-1-15. Construction of guaranty--Unconditional in absence of terms importing condition...

Section 56-1-16 - Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary. - 56-1-16. Liability of guarantor--Time of accrual--Default of principal--Demand or notice...

Section 56-1-17 - Liability of guarantor of conditional obligation--Notice of default. - 56-1-17. Liability of guarantor of conditional obligation--Notice of default. Where...

Section 56-1-18 - Obligations of guarantor--Scope and limitations. - 56-1-18. Obligations of guarantor--Scope and limitations. The obligation of a...

Section 56-1-19 - Liability of guarantor--Contract of principal unlawful--Personal disability of principal. - 56-1-19. Liability of guarantor--Contract of principal unlawful--Personal disability of principal....

Section 56-1-20 - Continuing guaranty defined. - 56-1-20. Continuing guaranty defined. A guaranty relating to a future...

Section 56-1-21 - Revocation of continuing guaranty--Exception. - 56-1-21. Revocation of continuing guaranty--Exception. A continuing guaranty may be...

Section 56-1-22 - Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors. - 56-1-22. Exoneration of guarantor--Alteration of original obligation of principal--Impairment of...

Section 56-1-23 - Void promises do not exonerate guarantor. - 56-1-23. Void promises do not exonerate guarantor. A promise by...

Section 56-1-24 - Liability of guarantor exonerated by agreement altering original obligation of debtor or impairing remedy of creditor not restored by rescission of such agreement. - 56-1-24. Liability of guarantor exonerated by agreement altering original obligation...

Section 56-1-25 - Obligation of guarantor reduced by partial satisfaction of obligation. - 56-1-25. Obligation of guarantor reduced by partial satisfaction of obligation....

Section 56-1-26 - Delay of creditors in enforcement of remedy--Guarantor not exonerated. - 56-1-26. Delay of creditors in enforcement of remedy--Guarantor not exonerated....

Section 56-1-27 - Liability of indemnified guarantor. - 56-1-27. Liability of indemnified guarantor. A guarantor who has been...

Section 56-1-28 - Discharge of principal by operation of law--Guarantor not exonerated. - 56-1-28. Discharge of principal by operation of law--Guarantor not exonerated....