Statutes, codes, and regulations
North Dakota Century Code
Title 22 - GUARANTY, INDEMNITY, AND SURETYSHIP
Chapter 22-01 - GUARANTY
Section 22-01-20 - Indemnified guarantor - Liability

N.D. Cent. Code § 22-01-20

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Current through 2024 Legislative Session
Section 22-01-20 - Indemnified guarantor - Liability

A guarantor who has been indemnified by the principal is liable to the creditor to the extent of the indemnity notwithstanding that the creditor, without the assent of the guarantor, may have modified the contract or released the principal.

N.D.C.C. § 22-01-20