2010 Georgia Code 10-7-52 Case Law
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One Click Case Law for § 10-7-52
O.C.G.A. § 10-7-51 <-- --> O.C.G.A. §10-7-53



2010 Georgia Code

TITLE 10 - COMMERCE AND TRADE

CHAPTER 7 - SURETYSHIP
ARTICLE 3 - RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS
§ 10-7-52 - Compelling contribution -- Duty to account for indemnification from principal; compelling transfer of security from principal

O.C.G.A. 10-7-52 (2010)
10-7-52. Compelling contribution -- 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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com