§ 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 […]
§ 26-4 – Subrogation of surety paying debt of deceased principal.
26-4. Subrogation of surety paying debt of deceased principal. Whenever a surety, or his representative, shall pay the debt of his deceased principal, the claim thus accruing shall have such priority in the administration of the assets of the principal as had the debt before its payment. (1829, c. 23; R.C., c. 110, s. 4; […]