Georgia Code
Article 5 - Release
§ 13-4-80. Release of Another Bound Jointly or Primarily or Acceptance of Higher Security for Same Debt

A release may result by operation of law. When a creditor releases another who is bound jointly with or primarily to a debtor or accepts from a debtor a higher security for the same debt, not intended to be collateral thereto, a release results by operation of law.
History. Orig. Code 1863, § 2803; Code 1868, § 2811; Code 1873, § 2862; Code 1882, § 2862; Civil Code 1895, § 3715; Civil Code 1910, § 4309; Code 1933, § 20-910.
Law reviews.
For note, “Lackey v. McDowell: The Effect of Releases on Non-Parties Under Georgia Law,” see 44 Mercer L. Rev. 975 (1993).

Structure Georgia Code