Louisiana Revised Statutes 9:3903 – Subrogation in favor of surety on twelve months’ bond
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Terms Used In Louisiana Revised Statutes 9:3903
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
Whenever a person bound as surety upon a twelve months’ bond has paid the same, he shall be subrogated to all the rights which the original creditor had at the time such bond was given, or at the time the bond is paid by such surety. This section shall only apply where the property has been adjudicated to the defendant in the judgment, and he is the principal upon such twelve months’ bond.