Home/North Carolina/Statutes/Ch. 26: Suretyship/§ 26-4
North Carolina Statutes

§ 26-4 — Subrogation of surety paying debt of deceased principal

North Carolina § 26-4
JurisdictionNorth Carolina
Ch. 26Suretyship

This text of North Carolina § 26-4 (Subrogation of surety paying debt of deceased principal) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.C. Gen. Stat. § 26-4 (2026).

Text

Whenever a surety, or his representative, shall pay the debt of his deceased principal, the claim thus accruing shall have such priority in the administration of the assets of the principal as had the debt before its payment. (1829, c. 23; R.C., c. 110, s. 4; Code, s. 2096; Rev., s. 2843; C.S., s. 3964.)

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Nearby Sections

13
§ 26-1
Surety and principal distinguished in judgment and execution
§ 26-10
Repealed by Session Laws 1943, c. 543
§ 26-11
Cancellation of judgment as to surety
§ 26-12
Joinder of debtor by surety
§ 26-2
Principal liable on execution before surety
§ 26-3
Summary remedy of surety against principal
§ 26-3.1
Surety's recovery on obligation paid; no assignment necessary
§ 26-4
Subrogation of surety paying debt of deceased principal
§ 26-5
Contribution among sureties
§ 26-6
Dissenting surety not liable to surety on stay of execution
§ 26-7
Surety, indorser, or guarantor may notify creditor to take action
§ 26-8
Notice; how given; prima facie evidence thereof
§ 26-9
Effect of failure of creditor to take action
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Bluebook (online)
North Carolina § 26-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/26/26-4.