Release of surety on lost or destroyed judgment or bond

No surety shall be released from his obligation on any lost or destroyed judgment, or bond having the force of a judgment, because of any failure to sue out execution thereon for twelve months, unless the failure was for twelve months after the reentry of judgment or order of execution. However, this section shall not apply to a surety who was released by law at the time of the destruction or loss of the record or bond, nor unless proceedings to have a reentry of the judgment or order of execution had been commenced as provided in KRS 422.210 and 422.220.