Where several are sureties for the same principal for the same sum of money, either by one or by distinct instruments, and one pays more than an equal share of the sum, he may compel contribution from his cosureties. If one of the cosureties is insolvent, the deficiency in his share must be borne equally by the solvent sureties.
O.C.G.A. § 10-7-50
Compelling contribution from cosureties after paying more than equal share; effect of cosurety’s insolvency
Code 1873, § 2173; Code 1882, § 2173; Laws 1840, Cobb’s 1851 Digest, p. 597.; Civil Code 1895, § 2992; Civil Code 1910, Code 1863, § 2151; Code 1868, § 2146; § 3564; Code 1933, …
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.