2010 Georgia Code 10-7-50 Case Law
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One Click Case Law for § 10-7-50
O.C.G.A. § 10-7-49 <-- --> O.C.G.A. §10-7-51



2010 Georgia Code

TITLE 10 - COMMERCE AND TRADE

CHAPTER 7 - SURETYSHIP
ARTICLE 3 - RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS
§ 10-7-50 - Compelling contribution -- After paying more than equal share; effect of surety's insolvency

O.C.G.A. 10-7-50 (2010)
10-7-50. Compelling contribution -- After paying more than equal share; effect of surety's insolvency


Where several are sureties for the same principal for the same sum of money, either by one or by distinct instruments, and one pays more than an equal share of the sum, he may compel contribution from his cosureties. If one of the cosureties is insolvent, the deficiency in his share must be borne equally by the solvent sureties.

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

graham@syfert.com