US Lawyer Database

§ 26-3 – Summary remedy of surety against principal.

26-3. Summary remedy of surety against principal. Any person who may have paid money for and on account of those for whom he became surety, upon producing to the clerk of superior court, a receipt, and showing that an execution has issued, and he has satisfied the same, and making it appear by sufficient testimony […]

§ 26-3.1 – Surety's recovery on obligation paid; no assignment necessary.

26-3.1. Surety’s recovery on obligation paid; no assignment necessary. (a) A surety who has paid his principal’s note, bill, bond or other written obligation, may either sue his principal for reimbursement or sue his principal on the instrument and may maintain any action or avail himself of any remedy which the creditor himself might have […]