N.Y. General Obligations Law Section 15-104
Discharge of one obligor, with reservations


Subject to the provisions of section 15-103, the obligee’s release or discharge of one or more of several obligors, or of one or more of joint, or of joint and several obligors shall not discharge co-obligors, against whom the obligee in writing and as part of the same transaction as the release or discharge, expressly reserves his rights; and in the absence of such a reservation of rights shall discharge co-obligors only to the extent provided in section 15-105.

Source: Section 15-104 — Discharge of one obligor, with reservations, https://www.­nysenate.­gov/legislation/laws/GOB/15-104 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 15-104’s source at nysenate​.gov

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