Co surety liability equal contribution where sums differ, limited by each surety's obligation and bond penalties. Co-sureties bound in different sums are liable to pay equally as far as the limits of their respective obligations permit; each surety must contribute an equal share of the principal's default provided that no surety is required to pay more than the penalty of his own bond, and where a surety's limit is reached the remaining deficiency is borne equally by the other sureties subject to their respective maxima.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Co surety liability equal contribution where sums differ, limited by each surety's obligation and bond penalties.
Co-sureties bound in different sums are liable to pay equally as far as the limits of their respective obligations permit; each surety must contribute an equal share of the principal's default provided that no surety is required to pay more than the penalty of his own bond, and where a surety's limit is reached the remaining deficiency is borne equally by the other sureties subject to their respective maxima.
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