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 the indebtedness of the full proportionate share of the debtor so released.
Source: L. 1899: p. 239, § 1. R.S. 08: § 3605. C.L. § 5125. CSA: C. 92, § 5. CRS 53: § 76-1-2. C.R.S. 1963: § 76-1-2.
Structure Colorado Code
Title 13 - Courts and Court Procedure
Article 50 - Joint Rights and Obligations
§ 13-50-101. Joint Obligations and Covenants
§ 13-50-102. Joint Debtors - Release - Effect
§ 13-50-103. Liability of Remaining Debtor
§ 13-50-105. Actions by and Against Partnerships and Associations - What Property Bound by Judgment