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Statutes > South Dakota Statutes > Title 56 - GUARANTY, SURETYSHIP AND INDEMNITY > Chapter 02 - Suretyship

Chapter 02 - Suretyship

  • Section 56-2-1 - "Suretyship" defined.
  • Section 56-2-2 - Apparent principal may show that he is a surety.
  • Section 56-2-3 - Joint control of deposits of assets--Agreement between insured and surety--Withdrawal procedure.
  • 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 56-2-6 - Neglect of creditor to proceed against principal at request of surety--Suretyexonerated to the extent which he is prejudiced.
  • 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.
  • Section 56-2-14 - Satisfaction of principal obligation by surety--Reimbursement, exception as to otherpersons.
  • Sections 56-2-15, 56-2-16 - Repealed




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