North Dakota Statutes
§ 22-03-12 — Security to which surety is entitled - Subrogation
North Dakota § 22-03-12
This text of North Dakota § 22-03-12 (Security to which surety is entitled - Subrogation) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 22-03-12 (2026).
Text
A surety is entitled to the benefit of every security for the performance of the principal
obligation held by the creditor or by a cosurety at the time of entering into the contract of
suretyship or acquired by the surety afterwards, whether the surety was aware of the security or
not.
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Related
State Bank of Streeter v. Nester
385 N.W.2d 95 (North Dakota Supreme Court, 1986)
Nearby Sections
15
§ 22-01-01
Definitions§ 22-01-05
When a guaranty need not be in writing§ 22-01-06.2
Surety or guarantor may withdraw within ten days§ 22-01-06.3
When account furnished surety or guarantor§ 22-01-06.4
Surety or guarantor may withdraw at any time§ 22-01-06.5
Public policyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 22-03-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/22-03-12.