Title 10, Chapter 7, Section 50
( 10-7-50)
Where several are sureties for the same principal for the same sum
of money, either by one or by distinct instruments, and one pays
more than an equal share of the sum, he may compel contribution from
his cosureties. If one of the cosureties is insolvent, the
deficiency in his share must be borne equally by the solvent
sureties. |