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Georgia Statutes

§ 10-7-50 — Compelling contribution from cosureties after paying more than equal share; effect of cosurety's insolvency

Georgia § 10-7-50
JurisdictionGeorgia
Title10

This text of Georgia § 10-7-50 (Compelling contribution from cosureties after paying more than equal share; effect of cosurety's insolvency) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
O.C.G.A. § 10-7-50 (2026).

Text

Where several are sureties for the same principal for the same sum of money, either by one or by distinct instruments, and one pays more than an equal share of the sum, he may compel contribution from his cosureties. If one of the cosureties is insolvent, the deficiency in his share must be borne equally by the solvent sureties.

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Related

Holland v. Holland Heating & Air Conditioning, Inc.
432 S.E.2d 238 (Court of Appeals of Georgia, 1993)
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Sherman v. Proyect (In re Proyect)
503 B.R. 765 (N.D. Georgia, 2013)
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First Union National Bank v. Boykin
455 S.E.2d 406 (Court of Appeals of Georgia, 1995)
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Gerschick v. Pounds
636 S.E.2d 663 (Court of Appeals of Georgia, 2006)
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Dever v. Lee
373 S.E.2d 224 (Court of Appeals of Georgia, 1988)
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Steele v. Grot
503 S.E.2d 92 (Court of Appeals of Georgia, 1998)
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South Atlanta Associates, Ltd. v. Strelzik
385 S.E.2d 439 (Court of Appeals of Georgia, 1989)
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500 B.R. 221 (N.D. Georgia, 2013)
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Murphy v. McCaughey
586 S.E.2d 16 (Court of Appeals of Georgia, 2003)
2 case citations
Dubbeld v. Diget
(N.D. Georgia, 2021)
Good Gateway, LLC v. NRCT, LLC
(N.D. Georgia, 2022)
In re Bay Circle Properties, LLC
577 B.R. 587 (N.D. Georgia, 2017)

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Bluebook (online)
Georgia § 10-7-50, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/10-7-50.