Statute · New York Debtor & Creditor Law
N.Y. Debt. & Cred. Law § 57 — Effect of consent where petitioner is a joint debtor
N.Y. Debt. & Cred. Law § 57
- Type
- Statute
- Source
- New York Debtor & Creditor Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 57. Effect of consent where petitioner is a joint debtor. A creditor's consent does not affect his remedy against any person or persons indebted jointly with the petitioner; and the petitioner's discharge has the effect, as between the creditor and the other joint debtors, of a composition…
Citator
N.Y. Debt. & Cred. Law § 57 — Effect of consent where petitioner is a joint debtor is in force in the current edition of the Code, and nothing recorded condemns it.
§ 57. Effect of consent where petitioner is a joint debtor. A creditor's consent does not affect his remedy against any person or persons indebted jointly with the petitioner; and the petitioner's discharge has the effect, as between the creditor and the other joint debtors, of a composition between the petitioner and the creditor, made as prescribed in title one of article fifteen of the general obligations law.