Surety's right of reimbursement for payment of obligation

Checkout our iOS App for a better way to browser and research.

A surety who pays the creditor is entitled to reimbursement from the principal obligor. He may not recover reimbursement until the principal obligation is due and exigible.

A surety for multiple solidary obligors may recover from any of them reimbursement of the whole amount he has paid the creditor.

Acts 1987, No. 409, §1, eff. Jan. 1, 1988.


Download our app to see the most-to-date content.