Indiana § 34-22-1-10 Surety's recovery of interest on debt paid

Indiana Statutes

§ 34-22-1-10 — Surety's recovery of interest on debt paid

Indiana § 34-22-1-10

Title 34CIVIL LAW AND PROCEDURE

Art. 22CAUSES OF ACTION: SURETY'S REMEDIES

Ch. 1Remedies of Sureties Against Their Principals

This text of Indiana § 34-22-1-10 (Surety's recovery of interest on debt paid) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 34-22-1-10 (2026).

Text

When a surety on a bill, note, bond, or other
instrument in writing, is compelled to pay the debt or obligation of the
principal debtor, the surety shall recover the rate of interest on the
amount paid by the surety for the principal, as was originally provided
for in the bill, note, bond, or other instrument in writing, held against
the principal debtor. The judgment given to the surety bears the same
rate of interest, not exceeding ten percent (10%) per year.
[Pre-1998 Recodification Citation: 34-1-55-10.]

Free access — add to your briefcase to read the full text and ask questions with AI

When a surety on a bill, note, bond, or other
instrument in writing, is compelled to pay the debt or obligation of the
principal debtor, the surety shall recover the rate of interest on the
amount paid by the surety for the principal, as was originally provided
for in the bill, note, bond, or other instrument in writing, held against
the principal debtor. The judgment given to the surety bears the same
rate of interest, not exceeding ten percent (10%) per year.
[Pre-1998 Recodification Citation: 34-1-55-10.]