North Carolina General Statutes 26-4. Subrogation of surety paying debt of deceased principal
Current as of: 2023 | Check for updates
|
Other versions
Whenever a surety, or his representative, shall pay the debt of his deceased principal, the claim thus accruing shall have such priority in the administration of the assets of the principal as had the debt before its payment. (1829, c. 23; R.C., c. 110, s. 4; Code, s. 2096; Rev., s. 2843; C.S., s. 3964.)
Terms Used In North Carolina General Statutes 26-4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.