47-3116. 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 section 47-3419, subsection 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 this section of
a party having the same joint and several liability to receive contribution from the
party discharged.
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