Statutes, codes, and regulations
North Dakota Century Code
Title 22 - GUARANTY, INDEMNITY, AND SURETYSHIP
Chapter 22-03 - SURETYSHIP
Section 22-03-14 - Creditor entitled to security of debtor given to surety

N.D. Cent. Code § 22-03-14

Download
PDF
Current through 2023 Legislative Sessions
Section 22-03-14 - Creditor entitled to security of debtor given to surety

A creditor is entitled to the benefit of everything which a surety has received from the debtor by way of security for the performance of the obligation, and upon the maturity of the obligation the creditor may compel the application of such security to the satisfaction of the obligation.

N.D.C.C. § 22-03-14