US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

§ 12-1641 – Action by creditor; failure to bring action and effect

12-1641. Action by creditor; failure to bring action and effect Any person bound as surety upon a contract for payment of money or performance of an act, when the right of action has accrued, may require, by notice in writing, the creditor or obligee forthwith to bring an action upon the contract. If the creditor […]

§ 12-1644 – Issuance of execution for repayment and contribution

12-1644. Issuance of execution for repayment and contribution If there is more than one surety and one or more of them has failed to pay his proportionate part of the judgment, execution may issue, as provided in section 12-1643, against the principal for the use of the surety who has paid more than his proportionate […]

§ 12-1646 – Extension of remedy

12-1646. Extension of remedy The remedy provided in this article for sureties extends to endorsers, guarantors, drawers of bills which have been accepted, and every other suretyship, whether created by express contract or operation of law.