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Home » US Law » 2022 Colorado Code » Title 13 - Courts and Court Procedure » Article 50 - Joint Rights and Obligations

§ 13-50-101. Joint Obligations and Covenants

All joint obligations and covenants shall be taken and held to be joint and several obligations and covenants. Source: R.S. p. 368, § 3. G.L. § 1408. G.S. § 1834. R.S. 08: § 3604. C.L. § 5124. CSA: C. 92, § 4. CRS 53: § 76-1-1. C.R.S. 1963: § 76-1-1.

§ 13-50-102. Joint Debtors – Release – Effect

A creditor of joint debtors may release one or more of such debtors, and such release shall operate as a full discharge of such debtor so released, but such release shall not release or discharge or affect the liability of the remaining debtor. Such release shall be taken and held to be a payment in […]

§ 13-50-103. Liability of Remaining Debtor

In case one or more joint debtors are released, no one of the remaining debtors shall be liable for more than his proportionate share of the indebtedness, unless he is the principal debtor and the debtor released was his surety, in which case the principal debtor is liable for the whole of the remainder of […]

§ 13-50-104. Right of Surety

Nothing in sections 13-50-102 to 13-50-104 affects or changes the right of a surety who has paid his proportionate share of an indebtedness of recovering the same from his principal debtor. Source: L. 1899: p. 239, § 3. R.S. 08: § 3607. C.L. § 5127. CSA: C. 92, § 7. CRS 53: § 76-1-4. C.R.S. […]