After the maturity of a debt or liability, an equitable action may be brought by a surety against his principal to compel payment of it, or by one who is jointly liable therefor with another to compel him to pay so much of it as he may be equitably liable for as between him and the plaintiff.
KRS 412.140
Action by surety against principal or cosurety after maturity of debt
Applied in 1 court decision — leading case Hall v. Spencer County (2009)
Most recently applied in Hall v. Spencer County (October 2009)
Effective: July 1, 1953 History: Transferred 1952 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.