Statutes > Montana Statutes > TITLE 28. CONTRACTS AND OTHER OBLIGATIONS > CHAPTER 11. GUARANTY, INDEMNITY, AND SURETYSHIP > Part 4. Suretyship > 28-11-420. Principal's property to be taken first.

28-11-420. Principal's property to be taken first.


     28-11-420. Principal's property to be taken first. Whenever property of a surety is hypothecated with property of the principal, the surety is entitled to have the property of the principal first applied to the discharge of the obligation.

     History: En. Sec. 3696, Civ. C. 1895; re-en. Sec. 5693, Rev. C. 1907; re-en. Sec. 8208, R.C.M. 1921; Cal. Civ. C. Sec. 2850; Field Civ. C. Sec. 1571; re-en. Sec. 8208, R.C.M. 1935; R.C.M. 1947, 30-507.