§ 6A-3-116. Joint and several liability — Contribution.
(a) Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees, or anomalous indorsers are jointly and severally liable in the capacity in which they sign.
(b) Except as provided in § 6A-3-419(e) or by agreement of the affected parties, a party having joint and several liability who pays the instrument is entitled to receive from any party having the same joint and several liability contribution in accordance with applicable law.
(c) Discharge of one party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (b) of a party having the same joint and several liability to receive contribution from the party discharged.
History of Section.P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-3 - Negotiable Instruments
Part 1 - General Provisions and Definitions
Section 6A-3-101. - Short title.
Section 6A-3-102. - Subject matter.
Section 6A-3-103. - Definitions.
Section 6A-3-104. - Negotiable instrument.
Section 6A-3-105. - Issue of instrument.
Section 6A-3-106. - Unconditional promise or order.
Section 6A-3-107. - Instrument payable in foreign money.
Section 6A-3-108. - Payable on demand or at definite time.
Section 6A-3-109. - Payable to bearer or to order.
Section 6A-3-110. - Identification of person to whom instrument is payable.
Section 6A-3-111. - Place of payment.
Section 6A-3-113. - Date of instrument.
Section 6A-3-114. - Contradictory terms of instrument.
Section 6A-3-115. - Incomplete instrument.
Section 6A-3-116. - Joint and several liability — Contribution.
Section 6A-3-117. - Other agreements affecting instrument.