South Dakota Codified Laws 56-1-4. Requirements as to writing–Signature of guarantor–Expression of considerationunnecessary
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Except as prescribed by §§ 56-1-5 to 56-1-9, inclusive, a guaranty must be in writing and signed by the guarantor; but the writing need not express a consideration.
Terms Used In South Dakota Codified Laws 56-1-4
- 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, § 26.0104.