Home/Alabama/Statutes/Title 8: Commercial Law and Consumer Protection/Ch. 3: Suretyship/Art. 1: General Provisions/§ 8-3-5
Alabama Statutes

§ 8-3-5 — Rights of Surety Against Principal Upon Payment of Debt

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 3 Suretyship·Art. 1 General Provisions
Payment by a surety or endorser of a debt past due entitles him to proceed immediately against his principal for the sum paid, with interest thereon, and all legal costs to which he may have been subjected by the default of the principal.

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Alabama § 8-3-5 (Rights of Surety Against Principal Upon Payment of Debt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Frontier Insurance v. International, Inc.
124 F. Supp. 2d 1211 (N.D. Alabama, 2000)
6 case citations
Developers Surety and Indemnity Company v. Renew Maintenance & Construction, Inc.
(S.D. Alabama, 2018)
Diamantis v. Perfect Home LLC (In Re Diamantis)
380 B.R. 838 (N.D. Alabama, 2007)

Legislative History

(Code 1907, §5388; Code 1923, §9547; Code 1940, T. 9, §81.)

Nearby Sections

15
§ 8-1-1
Contracts Restraining Business Void; Exceptions
§ 8-1-100
Consideration for Bidding or Not Bidding at Public Sale Prohibited
§ 8-1-101
Bids on Public Lands Under Agreement to Transfer Same Prohibited
§ 8-1-102
Contracts Violating Sections 8-1-100 and 8-1-101 Void
§ 8-1-103
Selling Improvements on Public Lands by Person Making Same
§ 8-1-120
Definitions
§ 8-1-121
Certain Contracts for Future Delivery Void; Exceptions
§ 8-1-122
Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract
§ 8-1-123
Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
§ 8-1-124
Contracts for Future Delivery of Cotton Not Made Subject to Federal Statutes Prima Facie Evidence of Void Contract
§ 8-1-125
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
§ 8-1-126
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
§ 8-1-127
Futures Contracts Made in Another State
§ 8-1-128
Establishing Office to Engage in Business of “Futures”
§ 8-1-129
Proof of Establishment of Place to Publish Commodities Information Prima Facie Evidence of Guilt
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