Property of principal first resorted to.

  1. Law
  2. South Dakota Codified Laws
  3. Guaranty, Suretyship and Indemnity
  4. Suretyship
  5. Property of principal first resorted to.

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56-2-7. Property of principal first resorted to.

Whenever property of a surety is hypothecated with the property of the principal, the surety is entitled to have the property of the principal first applied to the discharge of the obligation.

Source: SDC 1939, §26.0212.


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