Arizona § 12-1643 Subrogation of surety to rights of judgment creditor; execution against debtor

Arizona Statutes

§ 12-1643 — Subrogation of surety to rights of judgment creditor; execution against debtor

Arizona·Title 12 Arizona Revised Statutes·Ch. 9 SPECIAL ACTIONS AND PROCEEDINGS TO ENFORCE CLAIMS OR JUDGMENTS·Art. 9 Suretyship

A.When a person who is surety on an undertaking is compelled to pay a judgment or part thereof, or makes a payment upon a judgment by reason of suretyship, such judgment shall not be discharged by such payment but shall remain in force for the use of the surety and shall be considered as assigned to the surety together with all rights of the creditor thereunder to the extent of the payment made by the surety, and interest thereon.

B.The surety may have execution issued on the judgment in the name of the creditor for use of such surety against the principal debtor for the full amount of the payment, interest thereon, and all costs.

C.The execution shall be issued upon the application of the surety to the clerk or court, and shall be levied, collected and returned as in other cases.

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A. When a person who is surety on an undertaking is compelled to pay a judgment or part thereof, or makes a payment upon a judgment by reason of suretyship, such judgment shall not be discharged by such payment but shall remain in force for the use of the surety and shall be considered as assigned to the surety together with all rights of the creditor thereunder to the extent of the payment made by the surety, and interest thereon.

B. The surety may have execution issued on the judgment in the name of the creditor for use of such surety against the principal debtor for the full amount of the payment, interest thereon, and all costs.

C. The execution shall be issued upon the application of the surety to the clerk or court, and shall be levied, collected and returned as in other cases.

Arizona § 12-1643 (Subrogation of surety to rights of judgment creditor; execution against debtor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.