§ 26-4. Subrogation of surety paying debt of deceased principal. - North Carolina Statutes

§26‑4.  Subrogation of surety paying debt of deceased principal.

Whenever a surety, or hisrepresentative, shall pay the debt of his deceased principal, the claim thusaccruing shall have such priority in the administration of the assets of theprincipal as had the debt before its payment. (1829, c. 23; R.C., c. 110,s. 4; Code, s. 2096; Rev., s. 2843; C.S., s. 3964.)