North Dakota Statutes
§ 22-03-12 — Security to which surety is entitled - Subrogation
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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North Dakota § 22-03-12 (Security to which surety is entitled - Subrogation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 policy