Statutes > Montana Statutes > TITLE 28. CONTRACTS AND OTHER OBLIGATIONS > CHAPTER 11. GUARANTY, INDEMNITY, AND SURETYSHIP > Part 2. Guaranty -- Liability and Exoneration of Guarantor > 28-11-215. Exoneration of guarantor indemnified by principal.

28-11-215. Exoneration of guarantor indemnified by principal.


     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.

     History: 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.