The sureties on either bond, who have been compelled to make any payments thereon for the principal obligor, have the same remedies against the sureties on all the bonds, executed at the time of the default, as cosureties on the same bond have against each other, the damages being properly proportioned according to the penalty of the several bonds.
Code 1858, § 784; Shan., § 1105; Code 1932, § 1847; T.C.A. (orig. ed.), § 8-1942.
Collateral References.
Right of guarantor or surety, in order to avoid paying amount in excess of proportionate share, to compel coguarantors or cosureties to pay their share to creditor. 38 A.L.R.3d 680.
Special bond, liability on general bond for acts covered by special bond. 4 A.L.R. 1431, 140 A.L.R. 1459.
Structure 2021 Tennessee Code
Title 8 - Public Officers and Employees
Chapter 19 - Bonds of Officers
Part 4 - New and Additional Bonds
§ 8-19-402. New Bond From Other Officers
§ 8-19-403. Requisition to Give Additional Bond
§ 8-19-404. Form of Additional Bond
§ 8-19-405. Failure to Give Additional Bond
§ 8-19-406. Obligation of Additional Bond
§ 8-19-407. Effect of New Bond on Old
§ 8-19-408. Contribution Between Sureties of Different Bonds
§ 8-19-410. Notice to Furnish New Bond
§ 8-19-411. Failure to Give New Bond
§ 8-19-412. New Bond by Consent of Principal
§ 8-19-413. Approval and Filing of New Bond
§ 8-19-414. Exoneration of Previous Sureties
§ 8-19-415. Obligation of Additional Bond
§ 8-19-416. Effect of Exoneration on Previous Liabilities
§ 8-19-417. Sureties' Remedies