South Dakota Codified Laws 56-2-12. Liability of surety limited by express terms of contract–Penalty for breach
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A surety cannot be held beyond the express terms of his contract, and if such contract prescribes a penalty for its breach, he cannot in any case be liable for more than the penalty.
Terms Used In South Dakota Codified Laws 56-2-12
- Contract: A legal written agreement that becomes binding when signed.
Source: SDC 1939, § 26.0202.