Guarantor not exonerated by delay of creditor

  1. Law
  2. Montana Code Annotated
  3. Contracts and Other Obligations
  4. Guaranty, Indemnity, and Suretyship
  5. Guaranty -- Liability and Exoneration of Guarantor
  6. Guarantor not exonerated by delay of creditor

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28-11-213. Guarantor not exonerated by delay of creditor. Mere delay on the part of a creditor to proceed against the principal or to enforce any other remedy does not exonerate a guarantor.

History: En. Sec. 3654, Civ. C. 1895; re-en. Sec. 5677, Rev. C. 1907; re-en. Sec. 8192, R.C.M. 1921; Cal. Civ. C. Sec. 2823; Field Civ. C. Sec. 1555; re-en. Sec. 8192, R.C.M. 1935; R.C.M. 1947, 30-212.


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