West Virginia § 45-1-6 Contribution among cosureties and coguarantors

West Virginia Statutes

§ 45-1-6 — Contribution among cosureties and coguarantors

West Virginia § 45-1-6

Ch. 45SURETYSHIP AND GUARANTY

Art. 1SURETIES, GUARANTORS, INDORSERS, BAIL AND PRINCIPALS

This text of West Virginia § 45-1-6 (Contribution among cosureties and coguarantors) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 45-1-6 (2026).

Text

If the principal debtor be insolvent, any surety or guarantor (or his committee, personal representative or heir) against whom a judgment or decree has been rendered on the contract in which he was surety or guarantor, may obtain a judgment or decree by motion, in the court in which such judgment or decree was rendered, against any cosurety or coguarantor (or his committee, personal representative or heir) for his share, in law or equity, of the amount for which the first-mentioned judgment or decree may have been rendered; and if the same has been paid, for such share of the amount so paid, with interest thereon from the time of such payment.

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

If the principal debtor be insolvent, any surety or guarantor (or his committee, personal representative or heir) against whom a judgment or decree has been rendered on the contract in which he was surety or guarantor, may obtain a judgment or decree by motion, in the court in which such judgment or decree was rendered, against any cosurety or coguarantor (or his committee, personal representative or heir) for his share, in law or equity, of the amount for which the first-mentioned judgment or decree may have been rendered; and if the same has been paid, for such share of the amount so paid, with interest thereon from the time of such payment.