Montana Code 28-11-412. Exoneration of surety
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28-11-412. Exoneration of surety. A surety is exonerated:
Terms Used In Montana Code 28-11-412
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
(1)in like manner with a guarantor;
(2)to the extent to which the surety is prejudiced by any act of the creditor that would naturally prove injurious to the remedies of the surety or inconsistent with the surety’s rights or that lessens the surety’s security; or
(3)to the extent to which the surety is prejudiced by an omission of the creditor, when required by the surety, to do anything that it is the creditor’s duty to do.