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SOUTH DAKOTA STATUTES AND CODES
Section 56-1-14 - Failure to take proceedings upon principal debt does not discharge guaranty ofsolvency.
56-1-14. Failure to take proceedings upon principal debt does not discharge guaranty of solvency. A guaranty such as is mentioned in § 56-1-12 is not discharged by any omission to take proceedings upon the principal debt or upon any collateral security for its payment, if no part of the debt could have been collected thereby.
Source: SDC 1939, § 26.0108.
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