22-03-13. Property of surety and principal hypothecated - Property of principal
37 words·~1 min read·
/nd/title-22/chapter-22-03-suretyship/22-03-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
applied to discharge of obligation.
Whenever property of a surety is hypothecated with the property of the principal, the surety is entitled to have the property of the principal first applied to the discharge of the obligation.