Hutchison v. Rock Hill Cotton Factory Co.

Citations

• 68 S.C. 436

Syllabus

<p>Subrogation — Surety—Receiver.—The personal representative of a surety on a bond to secure payment by bank of receiver’s deposits, having paid the breach of the bond, is entitled to be subrogated to receiver’s commissions, who was a cosurety, and whose commissions the Court ordered withheld until the bank paid the deposit in full, as against an assignee of the commissions, the assignment being given after execution of bond, but before order fixing commissions and providing that they be withheld.</p>