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.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 50 - Miscellaneous Provisions
§ 47-50-101. Private and Corporation Seals Abolished
§ 47-50-102. Assignable Instruments — Suit by Assignee
§ 47-50-103. Written Contracts Prima Facie Evidence of Consideration
§ 47-50-104. Failure of Consideration — Defense
§ 47-50-105. Nonnegotiable Orders for Payment of Money
§ 47-50-106. Action on Instruments May Be Joint or Several
§ 47-50-107. Action on Protested Bill May Be Joint or Several
§ 47-50-109. Procurement of Breach of Contracts Unlawful — Damages