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2021 Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 3 - Suretyship.
Article 1 - General Provisions.
Section 8-3-11 - Surety Paying Debt Subrogated to Rights of Creditor.
Universal Citation: AL Code § 8-3-11 (2021)
Section 8-3-11
Surety paying debt subrogated to rights of creditor.
A surety who has paid the debt of his principal is subrogated to all the rights of the creditor and, in a controversy with other creditors, ranks in dignity the same as the creditor whose claim is paid.
(Code 1907, §5394; Code 1923, §9553; Code 1940, T. 9, §87.)
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