15-4-4 - Release of co-obligor -- Reservation of rights. - Utah Statutes

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15-4-4. Release of co-obligor -- Reservation of rights.
Subject to the provisions of Section 15-4-3, the obligee's release or discharge of one ormore of several obligors, or of one or more of joint or of joint and several obligors, does notdischarge co-obligors against whom the obligee in writing and as part of the same transaction asthe release or discharge expressly reserves his rights; and in the absence of such a reservation ofrights shall discharge co-obligors only to the extent provided in Section 15-4-5.

Amended by Chapter 378, 2010 General Session

State Codes and Statutes

Statutes > Utah > Title-15 > Chapter-04 > 15-4-4

15-4-4. Release of co-obligor -- Reservation of rights.
Subject to the provisions of Section 15-4-3, the obligee's release or discharge of one ormore of several obligors, or of one or more of joint or of joint and several obligors, does notdischarge co-obligors against whom the obligee in writing and as part of the same transaction asthe release or discharge expressly reserves his rights; and in the absence of such a reservation ofrights shall discharge co-obligors only to the extent provided in Section 15-4-5.

Amended by Chapter 378, 2010 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-15 > Chapter-04 > 15-4-4

15-4-4. Release of co-obligor -- Reservation of rights.
Subject to the provisions of Section 15-4-3, the obligee's release or discharge of one ormore of several obligors, or of one or more of joint or of joint and several obligors, does notdischarge co-obligors against whom the obligee in writing and as part of the same transaction asthe release or discharge expressly reserves his rights; and in the absence of such a reservation ofrights shall discharge co-obligors only to the extent provided in Section 15-4-5.

Amended by Chapter 378, 2010 General Session