Statute · New York General Obligations Law
N.Y. Gen. Oblig. Law § 15-104 — Discharge of one obligor, with reservations
N.Y. Gen. Oblig. Law § 15-104
- Type
- Statute
- Source
- New York General Obligations Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Gen. Oblig. Law § 15-104 — Discharge of one obligor, with reservations is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.