§ 7711. Defense of infancy to joint sureties or debtors.
§ 7711. Defense of infancy to joint sureties or debtors. Where several persons are bound together in any bond, bill or other writing or judgment as joint debtors or as joint sureties, in any sum of money, made payable to any person or corporation, the executors, administrators, successors, order or assigns, and 1 or more […]
§ 7712. Rights of surety or of joint debtor on payment of judgment.
§ 7712. Rights of surety or of joint debtor on payment of judgment. (a) If a judgment recovered against principal and surety shall be paid by the surety, the creditor shall mark such judgment to the use of the surety so paying the same; and the transferee shall, in the name of the plaintiff, have […]
§ 7713. Affidavit of sum due.
§ 7713. Affidavit of sum due. Before any transferee shall have the benefit of § 7712 of this title, the transferee shall file in the court, or before the justice of the peace where such proceedings are instituted, a statement of the sum due from the defendant with an affidavit that it is wholly unpaid. […]
§ 7714. Execution and effect of transfer.
§ 7714. Execution and effect of transfer. Transfers, by marking to the use of the persons paying such judgment, shall be in writing, signed by the plaintiff or by the plaintiff’s attorney of record, and after the date thereof, the plaintiff may not release, or discharge any of the debts or sums so paid, but […]
§ 7701. Execution and sufficiency of corporate suretyship.
§ 7701. Execution and sufficiency of corporate suretyship. (a) Whenever any bond, undertaking, recognizance or other obligation is by law or the charter, ordinances, rules or regulations of any municipality, board, body, organization or public officer required or permitted to be made, given, tendered or filed with surety or sureties, and whenever the performance of […]
§ 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 […]