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Statutes > South Dakota Laws > Title 56 - GUARANTY, SURETYSHIP AND INDEMNITY > Chapter 01 - Guaranty > Section 56-1-25 - Obligation of guarantor reduced by partial satisfaction of obligation.

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SOUTH DAKOTA STATUTES AND CODES

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. The acceptance by a creditor of anything in partial satisfaction of an obligation reduces the obligation of a guarantor thereof in the same measure as that of the principal, but does not otherwise affect it.

Source: SDC 1939, § 26.0119.

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