RCW 19.72.101
Failure of creditor to proceed—Discharge of surety.
If the creditor or obligee shall not proceed within a reasonable time to bring his or her action upon such contract, and prosecute the same to judgment and execution, the surety shall be discharged from all liability thereon.
[ 2011 c 336 § 548; Code 1881 § 645; RRS § 975. Prior: 1877 p 134 § 648; 1869 p 150 § 585; 1854 p 210 § 427. Formerly RCW 19.72.100, part.]
Structure Revised Code of Washington
Title 19 - Business Regulations—Miscellaneous
19.72.020 - Individual sureties—Eligibility.
19.72.030 - Individual sureties—Number—Qualification.
19.72.040 - Individual sureties—Examination—Approval.
19.72.070 - Subrogation of surety.
19.72.080 - Contribution among sureties.
19.72.090 - Default by surety—Indemnity.
19.72.100 - Notice to creditor to institute action.
19.72.101 - Failure of creditor to proceed—Discharge of surety.
19.72.107 - Surety bond—Liability limited.
19.72.109 - Release from official's, executor's, licensee's, etc., bond—Definitions.
19.72.110 - Release from official's, executor's, licensee's, etc., bond—Notice, service, proof.
19.72.140 - Suretyship—Raising issue as defendant.
19.72.141 - Suretyship—Order to exhaust principal's property.
19.72.150 - Heirs, etc., bound—Exception.
19.72.160 - Assets—Safekeeping agreements—Joint control of deposits.
19.72.170 - Bonds not to fail for want of form or substance.
19.72.180 - Successive recoveries on bond—Limitation.
19.72.901 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.