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2012 North Carolina General Statutes
Chapter 26 - Suretyship.
Section 26-4 - Subrogation of surety paying debt of deceased principal.


NC Gen Stat § 26-4 (2012) What's This?

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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