§ 26-4. Subrogation of surety paying debt of deceased principal.
65 words·~1 min read·
/nc/chapter-26/26-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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; Code, s. 2096; Rev., s. 2843; C.S., s. 3964.)