Ala. Code § 8-3-11

Current through the 2024 Regular Session.

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.

Ala. Code § 8-3-11 (1975)

Code 1907, §5394; Code 1923, §9553; Code 1940, T. 9, §87.