Statutes > Georgia Statutes > TITLE 10 - COMMERCE AND TRADE > CHAPTER 7 - SURETYSHIP > ARTICLE 3 - RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS > § 10-7-44 - Foreclosure of mortgage or enforcement of security given by principal

§ 10-7-44 - Foreclosure of mortgage or enforcement of security given by principal

O.C.G.A. 10-7-44 (2010)
10-7-44. Foreclosure of mortgage or enforcement of security given by principal


If the principal executes any mortgage or gives other security to the surety or endorser to indemnify him against loss by reason of his suretyship, the surety or endorser may proceed to foreclose such mortgage or enforce such other lien or security as soon as judgment shall be rendered against him on his contract.