Supreme People's Court, The Question of Seeking Recourse Against Other Guarantors by the Guarantor(s) that Has/Have Assumed Guarantee Liability Official Reply

最高人民法院关于已承担保证责任的保证人向其他保证人行使追偿权问题的批复

January 31, 2003 | BY

clpstaff &clp articles &

Issued: November 23 2002Main contents: The Official Reply states that the guarantor(s) that has/have assumed the joint and several guarantee liability…

Clp Reference: 3520/02.11.23 Promulgated: 2002-11-23

Issued: November 23 2002

Main contents: The Official Reply states that the guarantor(s) that has/have assumed the joint and several guarantee liability has/have the right to request other guarantors to answer for the shares to be assumed by them no matter if the creditor has called on such other guarantors to bear guarantee liability.
Related legislation: PRC Security Law, Jun 30 1995, CLP 1995 No.6 p21

clp reference:3520/02.11.23promulgated:2002-11-23

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