Statutes > Georgia Statutes > TITLE 10 - COMMERCE AND TRADE > CHAPTER 7 - SURETYSHIP > ARTICLE 3 - RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS > § 10-7-56 - Subrogation to rights of creditor -- Priority of claim

§ 10-7-56 - Subrogation to rights of creditor -- Priority of claim

O.C.G.A. 10-7-56 (2010)
10-7-56. Subrogation to rights of creditor -- Priority of claim


A surety who has paid the debt of his principal shall be subrogated, both at law and in equity, to all the rights of the creditor and, in a controversy with other creditors, shall rank in dignity the same as the creditor whose claim he paid.