22-03-12. Security to which surety is entitled - Subrogation.
51 words·~1 min read·
/nd/title-22/chapter-22-03-suretyship/22-03-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A surety is entitled to the benefit of every security for the performance of the principal obligation held by the creditor or by a cosurety at the time of entering into the contract of suretyship or acquired by the surety afterwards, whether the surety was aware of the security or not.