ยง 26. Collection of execution; when a defence to subsequent action. It
is a defence by a surety, against whom an action is brought upon an
official bond or undertaking, that he, or any other surety or sureties,
have been or will be compelled, for want of sufficient property of the
public officer to pay, upon one or more judgments recovered against him
or them, upon the same bond or undertaking, an aggregate amount,
exclusive of costs, officers' fees, and expenses, equal to the sum for
which the defendant is liable, by reason of the bond or undertaking. It
is a partial defence, that the difference between the aggregate amount,
so paid, or to be paid, and the sum for which the defendant is thus
liable, is less than the amount of the plaintiff's demand.
Structure New York Laws
Article 2-A - Actions on Official Bonds or Undertakings
20 - Action Upon Official Bond or Undertaking.
21 - Application May Be Made Ex Parte.
22 - Proof to Accompany Application.
23 - Order Granting Leave; Action Thereupon.
25 - Indorsement Upon Execution.
26 - Collection of Execution; When a Defence to Subsequent Action.
27 - When Claimants Entitled to Ratable Distribution.
28 - Receivers, Assignees and Trustees Deemed Public Officers.