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Current as of January 01, 2024 | Updated by Findlaw Staff
If the principal debtor be insolvent, any surety or guarantor (or his committee, personal representative or heir) against whom a judgment or decree has been rendered on the contract in which he was surety or guarantor, may obtain a judgment or decree by motion, in the court in which such judgment or decree was rendered, against any cosurety or coguarantor (or his committee, personal representative or heir) for his share, in law or equity, of the amount for which the first-mentioned judgment or decree may have been rendered; and if the same has been paid, for such share of the amount so paid, with interest thereon from the time of such payment.
Cite this article: FindLaw.com - West Virginia Code Chapter 45. Suretyship and Guaranty § 45-1-6. Contribution among cosureties and coguarantors - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-45-suretyship-and-guaranty/wv-code-sect-45-1-6/
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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