Georgia Code
Article 3 - Rights of Surety Against Principal, Cosureties, and Third Persons
§ 10-7-55. Protection of Bona Fide Purchasers When Surety Controls Judgment

When the surety does not appear to be such in the judgment and execution, the lien of such judgment, when controlled by the surety, shall not interfere with bona fide purchasers without notice from the principal, whose rights were vested before the order giving control to the surety was granted.
History. Laws 1845, Cobb’s 1851 Digest, p. 598; Code 1863, § 2150; Code 1868, § 2145; Code 1873, § 2172; Code 1882, § 2172; Civil Code 1895, § 2991; Civil Code 1910, § 3563; Code 1933, § 103-313.

Structure Georgia Code

Georgia Code

Title 10 - Commerce and Trade

Chapter 7 - Suretyship

Article 3 - Rights of Surety Against Principal, Cosureties, and Third Persons

§ 10-7-40. Attachment Against Principal

§ 10-7-41. Action for Money Paid, Interest, and Costs — Right of Surety or Endorser

§ 10-7-42. Action for Money Paid, Interest, and Costs — Effect of Judgment Against Surety

§ 10-7-43. Action for Money Paid, Interest, and Costs — Recovery of Usury Paid by Surety

§ 10-7-44. Foreclosure of Mortgage or Enforcement of Security Given by Principal

§ 10-7-45. Proof of Suretyship — by Parol

§ 10-7-46. Proof of Suretyship — After Judgment

§ 10-7-47. Control of Execution and Judgment by Surety — Subrogation to Plaintiff’s Rights

§ 10-7-48. Control of Execution and Judgment by Surety — When Sued Separately

§ 10-7-49. Payment Pending Action; Judgment for Plaintiff for Use of Surety

§ 10-7-50. Compelling Contribution — After Paying More Than Equal Share; Effect of Surety’s Insolvency

§ 10-7-51. Compelling Contribution — Interest on Sum Recovered as Contribution

§ 10-7-52. Compelling Contribution — Duty to Account for Indemnification From Principal; Compelling Transfer of Security From Principal

§ 10-7-53. Compelling Contribution — Controlling Action on Debt and Judgments Therein

§ 10-7-54. Endorser’s Right to Control Judgment on Debt and Execution Thereon

§ 10-7-55. Protection of Bona Fide Purchasers When Surety Controls Judgment

§ 10-7-56. Subrogation to Rights of Creditor — Priority of Claim

§ 10-7-57. Subrogation to Rights of Creditor — as to Securities Held by Creditor