South Dakota Codified Laws 56-1-14. Failure to take proceedings upon principal debt does not discharge guaranty ofsolvency
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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.