Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 7. SURETYSHIP · Article 3. RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS

10-7-41. Right of surety or endorser to recover amount paid, interest, and costs.

Active

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

Payment by a surety or endorser of a debt past due shall entitle him to proceed immediately against his principal for the sum paid, with interest thereon, and all legal costs to which he may have been subjected by the default of his principal.

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, § 2139; Code 1868, § 2134; Code 1873, § 2161; Code 1882, § 2161; Civil Code 1895, § 2980; Civil Code 1910, § 3552; Code 1933, § 103-302.

Cross references

Obligation of indorser, § 11-3-415.

Read the official page (the state's PDF, opened at the page this text was read from).

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, pages 1207 to 1208; merge action: carried; file SHA-256 7afbade16da7.