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North Dakota Century Code Title 22. Guaranty, Indemnity, and Suretyship § 22-01-15. When guarantor exonerated

Current as of January 01, 2024 | Updated by Findlaw Staff

A guarantor is exonerated, except insofar as the guarantor may be indemnified by the principal, if, by any act of the creditor without the consent of the guarantor:

1. The original obligation of the principal is altered in any respect; or

2. The remedies or rights of the creditor against the principal in respect thereto are impaired or suspended in any manner.

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Cite this article: FindLaw.com - North Dakota Century Code Title 22. Guaranty, Indemnity, and Suretyship § 22-01-15. When guarantor exonerated - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-22-guaranty-indemnity-and-suretyship/nd-cent-code-sect-22-01-15/

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