Título 11. COMMERCIAL CODE · Capítulo 3. · Artículo 3. NEGOTIABLE INSTRUMENTS · Parte 1. GENERAL PROVISIONS AND DEFINITIONS
11-3-116. Joint and several liability; contribution.
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
El texto siguiente es la ley tal como la imprime el estado, en inglés.
- (a)
Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees, or anomalous indorsers are jointly and severally liable in the capacity in which they sign.#
- (b)
Except as provided in subsection (e) of Code Section 11-3-419 or by agreement of the affected parties, a party having joint and several liability who pays the instrument is entitled to receive from any party having the same joint and several liability contribution in accordance with applicable law.#
- (c)
Discharge of one party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (b) of this Code section of a party having the same joint and several liability to receive contribution from the party discharged.#
History
Code 1981, § 11-3-116, enacted by Ga. L. 1996, p. 1306, § 3.
Law reviews
For article, “Wills, Trusts & Administration of Estates,” see 53 Mercer L. Rev. 499 (2001).
Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
Texto leído de t11-(v9)-2022-pdf.pdf, Volumen V9, edición 2022, página 360; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.