Exoneration of surety
Applied in 1 court decision — leading case Blackfeet Tribe of the Blackfeet Indian Reservation v. Blaze Construction, Inc. (2000)
Most recently applied in Blackfeet Tribe of the Blackfeet Indian Reservation v. Blaze Construction, Inc. (August 2000)
En
A surety is exonerated:
(1) in like manner with a guarantor;
(2) to the extent to which the surety is prejudiced by any act of the creditor that would naturally prove injurious to the remedies of the surety or inconsistent with the surety's rights or that lessens the surety's security; or
(3) to the extent to which the surety is prejudiced by an omission of the creditor, when required by the surety, to do anything that it is the creditor's duty to do.
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.