Ala. Code § 8-3-5

Current through the 2024 Regular Session.

Section 8-3-5 - Rights of surety against principal upon payment of debt

Payment by a surety or endorser of a debt past due entitles him to proceed immediately against his principal for the sum paid, with interest thereon, and all legal costs to which he may have been subjected by the default of the principal.

Ala. Code § 8-3-5 (1975)

Code 1907, §5388; Code 1923, §9547; Code 1940, T. 9, §81.