State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-27

§1‑27.  Act, admission or acknowledgment by party to obligation, co‑obligoror guarantor.

(a)        After a cause ofaction has accrued on any obligation on which there is more than one obligor,any act, admission, or acknowledgment by any party to such obligation orguarantor thereof, which removes the bar of the statute of limitations orcauses the statute to begin running anew, has such effect only as to the partydoing such act or making such admission or acknowledgment, and shall not renew,extend or in any manner impose liability of any kind against other parties tosuch obligation who have not authorized or ratified the same.

(b)        Nothing in thissection shall be construed as applying to or affecting rights or obligations ofpartnerships or individual members  thereof, due to acts, admissions oracknowledgments of any one partner but rights as between partners shall begoverned by G.S. 59‑39.1. (C.C.P., s. 50; Code, s. 171;Rev., s. 372; C.S., s. 417; 1953, c. 1076, s. 1.)