What does subrogee mean in legal terms? - TimesMojo
What does subrogee mean in legal terms? - TimesMojo
Jul 7, 2022
timesmojo.com
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Subrogation is the transfer of a creditor's claim rights to another person, who can then exercise them in their own name on behalf of the creditor. This transfer is effective according to the law. General Mode: • It is governed by Section 229 of the law and is not subject to the intentions of the parties involved. • It only occurs in cases stipulated by law. • It occurs when a stakeholder pays a debt on behalf of the debtor. • It causes the debtor to assume the rights of the creditor, thereby be
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