Statutes, codes, and regulations
North Dakota Century Code
Title 22 - GUARANTY, INDEMNITY, AND SURETYSHIP
Chapter 22-03 - SURETYSHIP
Section 22-03-12 - Security to which surety is entitled - Subrogation

N.D. Cent. Code § 22-03-12

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Current through 2023 Legislative Sessions
Section 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.C.C. § 22-03-12