Statutes, codes, and regulations
CODE OF GEORGIA
Title 10 - COMMERCE AND TRADEChapter 7 - SURETYSHIP
Article 3 - RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS
Section 10-7-52 - Duty to account for indemnification from principal; compelling transfer of security from principal

Ga. Code § 10-7-52

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Current through 2023-2024 Legislative Session Chapter 709
Section 10-7-52 - Duty to account for indemnification from principal; compelling transfer of security from principal

A surety suing for contribution must first account for all money or other things received from the principal to indemnify him against loss; and, if he has paid the entire debt, he may compel his cosurety to transfer to him any mortgage or other security taken from the principal for the protection of such cosurety, by relieving him of all liability for contribution.

OCGA § 10-7-52