29-33-114 - Contribution between sureties. - Tennessee Statutes

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29-33-114. Contribution between sureties.

The sureties, in either bond who have been compelled to make payments thereon for the principal, have the same remedies against the sureties in all the bonds in force at the time of default, as cosureties in the same bond have against each other, the recovery being properly proportioned according to the penalties of the several bonds.

[Code 1858, § 3678 (deriv. Acts 1809 (Sept.), ch. 69, § 3); Shan., § 5448; Code 1932, § 9610; T.C.A. (orig. ed.), § 23-2714.]

State Codes and Statutes

Statutes > Tennessee > Title-29 > Chapter-33 > 29-33-114

29-33-114. Contribution between sureties.

The sureties, in either bond who have been compelled to make payments thereon for the principal, have the same remedies against the sureties in all the bonds in force at the time of default, as cosureties in the same bond have against each other, the recovery being properly proportioned according to the penalties of the several bonds.

[Code 1858, § 3678 (deriv. Acts 1809 (Sept.), ch. 69, § 3); Shan., § 5448; Code 1932, § 9610; T.C.A. (orig. ed.), § 23-2714.]

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State Codes and Statutes

Statutes > Tennessee > Title-29 > Chapter-33 > 29-33-114

29-33-114. Contribution between sureties.

The sureties, in either bond who have been compelled to make payments thereon for the principal, have the same remedies against the sureties in all the bonds in force at the time of default, as cosureties in the same bond have against each other, the recovery being properly proportioned according to the penalties of the several bonds.

[Code 1858, § 3678 (deriv. Acts 1809 (Sept.), ch. 69, § 3); Shan., § 5448; Code 1932, § 9610; T.C.A. (orig. ed.), § 23-2714.]