Statutes, codes, and regulations
Montana Code
Title 28 - CONTRACTS AND OTHER OBLIGATIONSChapter 11 - GUARANTY, INDEMNITY, AND SURETYSHIP
Part 2 - GUARANTY - LIABILITY AND EXONERATION OF GUARANTOR
Section 28-11-215 - Exoneration of guarantor indemnified by principal

Mont. Code § 28-11-215

Download
PDF
Current through the 2023 Regular Session
Section 28-11-215 - Exoneration of guarantor indemnified by principal

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.

§ 28-11-215, MCA

En. Sec. 3655, Civ. C. 1895; re-en. Sec. 5678, Rev. C. 1907; re-en. Sec. 8193, R.C.M. 1921; Cal. Civ. C. Sec. 2824; Field Civ. C. Sec. 1556; re-en. Sec. 8193, R.C.M. 1935; R.C.M. 1947, 30-213.