Statutes > Georgia Statutes > TITLE 10 - COMMERCE AND TRADE > CHAPTER 7 - SURETYSHIP > ARTICLE 3 - RIGHTS OF SURETY AGAINST PRINCIPAL, COSURETIES, AND THIRD PERSONS > § 10-7-57 - Subrogation to rights of creditor -- As to securities held by creditor

§ 10-7-57 - Subrogation to rights of creditor -- As to securities held by creditor

O.C.G.A. 10-7-57 (2010)
10-7-57. Subrogation to rights of creditor -- As to securities held by creditor


A surety who has paid the debt of his principal shall also be entitled to be substituted in place of the creditor as to all securities held by him for the payment of the debt.