A surety is exonerated to the extent to which he is prejudiced by any act of the creditor which would naturally prove injurious to the remedies of the surety or inconsistent with his rights or which lessens his security.
S.D. Codified Laws § 56-2-10
Surety exonerated to extent prejudiced by act of creditor
Applied in 1 court decision — leading case First Dakota National Bank v. Maxon (1995)
Most recently applied in First Dakota National Bank v. Maxon (June 1995)
Source: SDC 1939, § 26.0205 (3).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.