Official Code of Georgia Annotated

Title 13. CONTRACTS · Chapter 4. MODIFICATION, EXTINGUISHMENT, AND RENEWAL · Article 5. RELEASE

13-4-80. Release of another bound jointly or primarily or acceptance of higher security for same debt.

Active

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

A release may result by operation of law. When a creditor releases another who is bound jointly with or primarily to a debtor or accepts from a debtor a higher security for the same debt, not intended to be collateral thereto, a release results by operation of law.

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, § 2803; Code 1868, § 2811; Code 1873, § 2862; Code 1882, § 2862; Civil Code 1895, § 3715; Civil Code 1910, § 4309; Code 1933, § 20-910.

Law reviews

For note, ‘‘Lackey v. McDowell: The Effect of Releases on Non-Parties Under Georgia Law,’’ see 44 Mercer L. Rev. 975 (1993).

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

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, page 274; merge action: annotated; file SHA-256 18573afb153d.