§ 7715. Application of chapter.
§ 7715. Application of chapter. Every provision in this chapter giving a right or remedy to, or imposing a duty upon, or referring to the act of a debtor, obligor, assignor or transferor, or a surety, obligee, assignee or transferee, creditor, or other person shall be construed to extend to or against his or her […]
§ 7716. Remedies of codebtor or cosurety.
§ 7716. Remedies of codebtor or cosurety. (a) Whenever 1 or more of several codebtors or cosureties for the payment of a debt shall pay or shall have paid to the creditor or creditors the sum due, including the costs, if any, that may have been incurred by them, the person or persons so paying, […]
§ 7717. Entry of satisfaction of judgment.
§ 7717. Entry of satisfaction of judgment. (a) Upon the payment of any judgment under and according to the provisions of this chapter, the right or power of the creditor or plaintiff therein to enter satisfaction upon the record of such judgment shall eo instanti, cease and determine, and this whether the transfer of such […]
§ 7702. Acceptance and approval by public officers.
§ 7702. Acceptance and approval by public officers. (a) Any public officer or department of state, county or municipal government, whose duty it may be to approve the surety upon any bond or bonds, may accept and approve such bonds when executed by the principal therein and by any surety insurer qualified to act as […]
§ 7703. Agreement requiring principal to deposit assets; withdrawal.
§ 7703. Agreement requiring principal to deposit assets; withdrawal. Any party of whom a bond or undertaking is required may agree with sureties for the deposit for safe keeping of any and all moneys and other depositable assets for which such sureties are or may be held responsible with a trust company, safe deposit company […]
§ 7704. Release of liability on bond; procedure.
§ 7704. Release of liability on bond; procedure. The surety or representatives of any surety, upon the bond of any trustees, committee, guardian, assignees, receiver, executor or administrator or other fiduciary, may apply by petition to the court wherein the bond is filed or which may have jurisdiction of such trustee, committee, guardian, assignee, receiver, […]
§ 7705. Estoppel of surety insurer to deny corporate power.
§ 7705. Estoppel of surety insurer to deny corporate power. No insurer having signed any bond, undertaking or obligation as surety, guarantor or indemnitor shall be permitted to deny its corporate power to execute such instrument or incur such liability, in any proceeding to enforce liability against it thereunder. 18 Del. C. 1953, § 7705; […]
§ 7706. Premium on bond of public officer; expense of office.
§ 7706. Premium on bond of public officer; expense of office. The expenses incurred by any public officer for suretyship upon any bond required by law of him or her, as well as the expenses for suretyship upon any bond required of any of his or her assistants or clerks, shall, where the bond or […]
§ 7707. Premium on bond of fiduciary; expense of estate.
§ 7707. Premium on bond of fiduciary; expense of estate. Any receiver, guardian, assignee, committee, trustee, executor, administrator or other fiduciary required by law or the order of any court to give a bond, undertaking or other obligation as such, who shall avail himself or herself of corporate suretyship in such bond, undertaking or obligation […]
§ 7708. Warrant of attorney.
§ 7708. Warrant of attorney. In all instances where corporate suretyship is offered in accordance with this chapter, and where the form of bond required by law contains a warrant of attorney, the bond shall be accepted without such warrant of attorney being written therein. 18 Del. C. 1953, § 7708; 56 Del. Laws, c. […]