Section 43-2-648 Refunding bonds - Rights of parties among themselves. - Alabama Statutes

Section 43-2-648

Refunding bonds - Rights of parties among themselves.

Any party making a payment on any refunding bond taken under this division, may recover against the parties to any other refunding bond such an amount as shall be in the same proportion to the amount collected from the plaintiff, as the amount of money and value of the property delivered on both bonds bears to the amount of money or property delivered on the bond of the defendant.

(Code 1852, §1788; Code 1867, §2115; Code 1876, §2492; Code 1886, §2208; Code 1896, §276; Code 1907, §2734; Code 1923, §5973; Code 1940, T. 61, §375.)