Section 8-3-11

Surety paying debt subrogated to rights of creditor.

A surety who has paid the debt of his principal is subrogated to all the rights of the creditor and, in a controversy with other creditors, ranks in dignity the same as the creditor whose claim is paid.

(Code 1907, §5394; Code 1923, §9553; Code 1940, T. 9, §87.)