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

56-1-13. Recovery upon guaranty that obligation is good or collectible. In the cases mentioned in § 56-1-12, the removal of the principal from the state, leaving no property therein from which the obligation might be satisfied, is equivalent to the insolvency of the principal in its effect upon the rights and obligations of the guarantor.

Source: SDC 1939, § 26.0108.