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Home » US Law » 2022 Wyoming Statutes » Title 38 - Sureties » Chapter 1 - Rights and Remedies of Sureties

Section 38-1-101 – Requiring Suit by Creditor.

38-1-101. Requiring suit by creditor. A person bound as surety in a written instrument for the payment of money, or other valuable thing, may, if right of action accrues thereon, require his creditor by a notice in writing, to commence an action on such instrument forthwith, against the principal debtor; and unless the creditor commences […]

Section 38-1-103 – Requiring Suit by Creditor; What Bonds Not Affected.

38-1-103. Requiring suit by creditor; what bonds not affected. Nothing in the last two (2) sections contained shall be so construed as to affect bonds required by law to be given by guardians, executors, administrators, trustees of an express trust, public officers, or any bond or undertaking required by law to be given in an […]

Section 38-1-104 – Rights on Paying Judgment.

38-1-104. Rights on paying judgment. When the surety on a judgment, who is certified therein to be such, or his personal representative pays the judgment, or any part thereof, he shall, to the extent of such payment, have all the rights and remedies against the principal debtor that the plaintiff had at the time of […]

Section 38-1-108 – Action for Indemnity Before Debt Due.

38-1-108. Action for indemnity before debt due. A surety may maintain an action against his principal to obtain indemnity against the debt or liability for which he is bound before it is due whenever any of the grounds exist upon which, by the provisions of this act, an order may be made for arrest, or […]