Payment by a surety or endorser of a debt past due shall entitle 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 his principal.
O.C.G.A. § 10-7-41
Right of surety or endorser to recover amount paid, interest, and costs
Applied in 1 court decision — leading case Crescom Bank v. Terry (2013)
Most recently applied in Crescom Bank v. Terry (March 2013)
Orig
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.