N.C. Gen. Stat. § 26-4

Current through Session Law 2024-58

Section 26-4 - Subrogation of surety paying debt of deceased principal

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.