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.
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 .