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Current as of January 01, 2024 | Updated by Findlaw Staff
A release of one of two or more joint debtors does not extinguish the obligations of any of the others unless they are mere guarantors. Such release does not affect the right of the joint debtors to contribution from the party so released.
Cite this article: FindLaw.com - North Dakota Century Code Title 9. Contracts and Obligations § 9-13-03. Joint debtors--Effecting release - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-9-contracts-and-obligations/nd-cent-code-sect-9-13-03/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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