In case one or more joint debtors are released, no one of the remaining debtors shall be liable for more than his proportionate share of the indebtedness, unless he is the principal debtor and the debtor released was his surety, in which case the principal debtor is liable for the whole of the remainder of the indebtedness.
Source: L. 1899: p. 239, § 2. R.S. 08: § 3606. C.L. § 5126. CSA: C. 92, § 6. CRS 53: § 76-1-3. C.R.S. 1963: § 76-1-3.
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