Upon any note or negotiable instrument, the holder may maintain a joint action against the maker and any one (1) or more of the sureties or endorsers; or a joint and several action against the maker and/or any one (1) or more of the sureties or endorsers.
Code 1858, § 1958 (deriv. Acts 1820, ch. 25, § 1; 1837-1838, ch. 5, § 1); Shan., § 3507; mod. Code 1932, § 7317; T.C.A. (orig. ed.), §§ 47-805, 47-15-108.