There Is a Newer Version
of
the North Carolina General Statutes
2009 North Carolina Code
Chapter 26 - Suretyship.
§ 26-4. Subrogation of surety paying debt of deceased principal.
§ 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.)
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