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Current as of January 01, 2024 | Updated by Findlaw Staff
Whenever property of a surety is hypothecated with the property of the principal, the surety is entitled to have the property of the principal first applied to the discharge of the obligation.
Cite this article: FindLaw.com - North Dakota Century Code Title 22. Guaranty, Indemnity, and Suretyship § 22-03-13. Property of surety and principal hypothecated--Property of principal applied to discharge of obligation - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-22-guaranty-indemnity-and-suretyship/nd-cent-code-sect-22-03-13/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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