South Dakota Codified Laws 56-1-21. Revocation of continuing guaranty–Exception
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A continuing guaranty may be revoked at any time by the guarantor, in respect to future transactions unless there is a continuing consideration as to such transactions which he does not renounce.
Terms Used In South Dakota Codified Laws 56-1-21
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
Source: SDC 1939, § 26.0115.