Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 7. SURETYSHIP · Article 1. CONTRACT OF SURETYSHIP

10-7-3. Suretyship not extended by implication.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

The contract of suretyship is one of strict law; and the surety’s liability will not be extended by implication or interpretation.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Orig. Code 1863, § 2127; Code 1868, § 2122; Code 1873, § 2150; Code 1882, § 2150; Civil Code 1895, § 2968; Civil Code 1910, § 3540; Code 1933, § 103-103.

Law reviews

For article, “Enforcing Commercial Real Estate Loan Guaranties,” see 15 (No. 2) Ga. St. B. J. 12 (2009). For annual survey on business associations, see 70 Mercer L. Rev. 19 (2018).

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 1153; merge action: carried; file SHA-256 7afbade16da7.

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