Effective - 28 Aug 1939
430.350. Rights of sureties who pay bonds of insolvent or deceased principals. — Whenever the principal in any bond given to the state of Missouri is insolvent, or whenever such principal being deceased, his estate and effects which come to the hands of his executor, administrator or assignee are insufficient for the payment of his debts, and in either of such cases, any surety on the bond, or the executor, administrator or assignee of such surety, pays to the state of Missouri the money due upon such bond, said surety, his executor or administrator or assignee, shall have the like priority for the recovery and receipt of the moneys out of the estate and effects of such insolvent or deceased principal as is secured to the state of Missouri, and may bring and maintain a suit upon the bond in law or equity in his own name for the recovery of all moneys paid thereon.
--------
(RSMo 1939 § 3544)
Prior revisions: 1929 § 3154; 1919 § 7214; 1909 § 8210
Structure Missouri Revised Statutes
Title XXVII - Debtor-Creditor Relations
Chapter 430 - Statutory Liens Against Personalty — Preferred Claims
Section 430.010 - Definition of vehicle.
Section 430.030 - Lien, for labor or material furnished, on horse, mule or other animal.
Section 430.050 - Lien, how enforced.
Section 430.060 - Proceedings governed by laws concerning replevin where not specifically provided.
Section 430.080 - Lien on chattels for labor and materials.
Section 430.090 - Sale of unredeemed chattels.
Section 430.100 - Sale — notice — liens combined.
Section 430.120 - Failure to deliver excess proceeds — penalty.
Section 430.130 - Actions against lienors barred.
Section 430.135 - Chattels worth less than one hundred dollars deemed abandoned after year.
Section 430.140 - Member of armed services — exemption.
Section 430.150 - Lien for keeping or training horses and other animals.
Section 430.160 - Enforcement of liens.
Section 430.165 - Lien for the care of animals lawfully impounded, who entitled to.
Section 430.170 - Owner to advertise terms — publication imparts notice.
Section 430.180 - Publication or posting terms of service sufficient notice of lien on offspring.
Section 430.200 - Giving false pedigree forfeits claim.
Section 430.210 - Lienor may proceed by replevin.
Section 430.220 - Judgment, amount, how enforced.
Section 430.225 - Definitions — distribution of insurance proceeds — limitation on liability.
Section 430.230 - Hospitals to have liens — when, against whom.
Section 430.240 - Notice to be given.
Section 430.250 - Liability for failure to pay hospital.
Section 430.330 - State's claim paramount — exceptions.
Section 430.340 - Liability of executors and administrators.
Section 430.350 - Rights of sureties who pay bonds of insolvent or deceased principals.
Section 430.360 - Wages — payable when — priority of claim for.
Section 430.400 - Definitions.
Section 430.405 - Suit to enforce lien, customer's alternatives — counterclaim, effect.