Any surety or counter surety may in relation to the debt raise the issues which the principal debtor would have raised to reduce, set-off, or defer the said debt subject to the provisions of Articles 17 and 23(3) and (4) of this Uniform Act and the special provisions of the Uniform Act on collective proceedings for the wiping off debts.
A surety shall be discharged when the subrogation to the rights and guarantees of the creditor no longer operates in his interest through the fault of the creditor. Any contrary clause shall be disregarded.
Where the fault attributed to the creditor limits solely the said subrogation, the liability of the surety shall be limitedto the same extent.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 13
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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