26-12. Joinder of debtor by surety.
(a) As used in this section, "surety" includes guarantors, accommodation makers, accommodation indorsers, or others who undertake liability on the obligation and for the accommodation of another.
(b) When any surety is sued by the holder of the obligation, the court, on motion of the surety may join the principal as an additional party defendant, provided the principal is found to be or can be made subject to the jurisdiction of the court. Upon such joinder the surety shall have all rights, defenses, counterclaims, and setoffs which would have been available to him if the principal and surety had been originally sued together. (1959, c. 1121.)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 26-1 - Surety and principal distinguished in judgment and execution.
§ 26-2 - Principal liable on execution before surety.
§ 26-3 - Summary remedy of surety against principal.
§ 26-3.1 - Surety's recovery on obligation paid; no assignment necessary.
§ 26-4 - Subrogation of surety paying debt of deceased principal.
§ 26-5 - Contribution among sureties.
§ 26-6 - Dissenting surety not liable to surety on stay of execution.
§ 26-7 - Surety, indorser, or guarantor may notify creditor to take action.
§ 26-8 - Notice; how given; prima facie evidence thereof.
§ 26-9 - Effect of failure of creditor to take action.