N.C. Gen. Stat. § 26-3.1 Surety's Recovery On Obligation Paid; No Assignment Necessary
| Library | North Carolina Statutes |
| Edition | 2023 |
| Currency | Current through Session Law 2023-151 |
| Year | 2023 |
| Citation | N.C. Gen. Stat. § 26-3.1 |
(a) A surety who has paid his principal's note, bill, bond orother written obligation, may either sue his principal for reimbursement or suehis principal on the instrument and may maintain any action or avail himself ofany remedy which the creditor himself might have had against the principaldebtor. No assignment of the obligation to the surety or to a third-partytrustee for t...
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