Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 7. SURETYSHIP · Article 2. RELATIVE RIGHTS OF CREDITOR AND SURETY

10-7-20. Effect of release of or compounding with surety.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

The creditor may release or compound with the surety without releasing the principal, but the release of or compounding with one surety shall discharge a cosurety.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Orig. Code 1863, § 2129; Code 1868, § 2124; Code 1873, § 2152; Code 1882, § 2152; Civil Code 1895, § 2970; Civil Code 1910, § 3542; Code 1933, § 103-201.

Cross references

Effect of commercial paper article of Uniform Commercial Code, § 10-7-27.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 1161; merge action: carried; file SHA-256 7afbade16da7.

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