Home/Alabama/Statutes/Title 8: Commercial Law and Consumer Protection/Ch. 3: Suretyship/Art. 1: General Provisions/§ 8-3-11
Alabama Statutes

§ 8-3-11 — Surety Paying Debt Subrogated to Rights of Creditor

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 3 Suretyship·Art. 1 General Provisions
A surety who has paid the debt of his principal is subrogated to all the rights of the creditor and, in a controversy with other creditors, ranks in dignity the same as the creditor whose claim is paid.

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Alabama § 8-3-11 (Surety Paying Debt Subrogated to Rights of Creditor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Code 1907, §5394; Code 1923, §9553; Code 1940, T. 9, §87.)

Nearby Sections

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Contracts Restraining Business Void; Exceptions
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Consideration for Bidding or Not Bidding at Public Sale Prohibited
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Bids on Public Lands Under Agreement to Transfer Same Prohibited
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Contracts Violating Sections 8-1-100 and 8-1-101 Void
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Selling Improvements on Public Lands by Person Making Same
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Definitions
§ 8-1-121
Certain Contracts for Future Delivery Void; Exceptions
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Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract
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Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
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Contracts for Future Delivery of Cotton Not Made Subject to Federal Statutes Prima Facie Evidence of Void Contract
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Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Profit Intended to Be Paid in Money on Day of Delivery
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Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Price Based on Bona Fide Sales on Exchange or Board of Trade Without Making Execution on Exchange or Board of Trade
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Futures Contracts Made in Another State
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Establishing Office to Engage in Business of “Futures”
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Proof of Establishment of Place to Publish Commodities Information Prima Facie Evidence of Guilt
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