N.D. Cent. Code § 22-03-12

22-03-12. Security to which surety is entitled - Subrogation

Year: 2026Length: 60 wordsOfficial source
22-03-12. Security to which surety is entitled - Subrogation A surety is entitled to the benefit of every security for the performance of the principal obligation held by the creditor or by a cosurety at the time of entering into the contract of suretyship or acquired by the surety afterwards, whether the surety was aware of the security or not.
N.D. Cent. Code § 22-03-12: 22-03-12. Security to which surety is entitled - Subrogation | Justis AI