North Dakota Century Code Title 22. Guaranty, Indemnity, and Suretyship § 22-03-06. Exoneration of surety--Methods
Current as of January 01, 2020 | Updated by FindLaw Staff
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A surety is exonerated:
1. In like manner with a guarantor;
2. By performance of the principal obligation or tender of such performance duly made as provided in this code;
3. To the extent to which the surety is prejudiced by any act of the creditor which would naturally prove injurious to the remedies of the surety or inconsistent with the surety's rights, or which lessens the surety's security; or
4. To the extent to which the surety is prejudiced by an omission of the creditor to do anything when required by the surety which it is the creditor's duty to do.
Cite this article: FindLaw.com - North Dakota Century Code Title 22. Guaranty, Indemnity, and Suretyship § 22-03-06. Exoneration of surety--Methods - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-22-guaranty-indemnity-and-suretyship/nd-cent-code-sect-22-03-06.html
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