Statutes, codes, and regulations
CODE OF GEORGIA
Title 13 - CONTRACTSChapter 4 - MODIFICATION, EXTINGUISHMENT, AND RENEWAL
Article 5 - RELEASE
Section 13-4-80 - Release of another bound jointly or primarily or acceptance of higher security for same debt

Ga. Code § 13-4-80

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Current through 2023-2024 Legislative Session Chapters 1-374, 376-386, 393, 394, 397, 398, 406-412, 414, 415, 421, 424, 427, 429, 430, 432-456, 460, 461, 471, 473, 475, 478, 480, 483, 484, 488, 490
Section 13-4-80 - Release of another bound jointly or primarily or acceptance of higher security for same debt

A release may result by operation of law. When a creditor releases another who is bound jointly with or primarily to a debtor or accepts from a debtor a higher security for the same debt, not intended to be collateral thereto, a release results by operation of law.

OCGA § 13-4-80