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 ... Summary
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.