General Obligations Law 15-104 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 15-103 Consideration to be credited to co-obligor up TITLE 1 Discharge of Joint Obligors next SECTION 15-105 Discharge of one obligor, without reservation Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 15-104 Discharge of one obligor, with reservations General Obligations (GOB) CHAPTER 24-A, ARTICLE 15, TITLE 1 § 15-104. Discharge of one obligor, with reservations. Subject to the provisions of section 15-103, the obligee's release or discharge of one or more of several obligors, or of one or more of joint, or of joint and several obligors shall not discharge co-obligors, against whom the obligee in writing and as part of the same transaction as the release or discharge, expressly reserves his rights; and in the absence of such a reservation of rights shall discharge co-obligors only to the extent provided in section 15-105.