Georgia Code, Title 10, Chapter 7, Article 2 - Relative Rights of Creditor and Surety

• § 10-7-20 - Effect of Release of or Compounding With Surety
  The creditor may release or compound with the surety without releasing the principal, but the release of or compounding with one surety shall discharge...
• § 10-7-21 - "Novation" Defined; Effect on Surety's Liability
  Any change in the nature or terms of a contract is called a "novation"; such novation, without the consent of the surety, discharges him.
• § 10-7-22 - Discharge of Surety by Increase of Risk
  Any act of the creditor, either before or after judgment against the principal, which injures the surety or increases his risk or exposes him...
• § 10-7-23 - Refusal to Deliver Evidence of Debt and Securities on Tender of Amount of Debt As Discharging Surety
  The surety may tender to the creditor the amount of his debt and demand that the evidence of and the securities for the same...
• § 10-7-24 - Refusal to Sue Principal After Notice by Surety As Discharge
  Any surety, guarantor, or endorser, at any time after the debt on which he or she is liable becomes due, may give notice in...
• § 10-7-25 - Extending Liability
  The creditor shall pursue his remedy against the surety within the time prescribed by law; and no payment or promise by the principal or...
• § 10-7-26 - Promise to Pay in Ignorance of Discharge
  If by an act of the creditor the surety is discharged and in ignorance of the fact of the discharge the surety promises to...
• § 10-7-27 - Provisions of Uniform Commercial Code to Control
  Code Sections 10-7-20 through 10-7-26 shall be superseded to the extent of any conflict by the provisions of Article 3 of Title 11, the...
• § 10-7-28 - Process Sued Out and Judgment Entered Against Surety As Such
  When the fact of suretyship appears on the face of the contract, the creditor shall sue out process against the surety and enter up...
• § 10-7-29 - Judgment Against Principal and Surety At Same Time
  It shall be lawful to enter judgment against principal and sureties at the same time, as in cases of appeal, in all cases in...
• § 10-7-30 - Bad Faith Refusal of Corporate Surety to Perform Suretyship Contract
  (a) For the purposes of this Code section, the term "obligee" shall include any obligee or beneficiary pursuant to the terms of the contract...
• § 10-7-31 - Rights of Certain Parties Claiming Protection Under a Payment Bond or Security Deposit; Notice of Commencement of Work
  (a) Where a payment bond or security deposit is provided pursuant to a contract for the construction of an improvement to property other than...

Last modified: October 14, 2016