Legislation
SECTION 57
Effect of consent where petitioner is a joint debtor
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 3
§ 57. Effect of consent where petitioner is a joint debtor. A
creditor's consent does not affect his remedy against any person or
persons indebted jointly with the petitioner; and the petitioner's
discharge has the effect, as between the creditor and the other joint
debtors, of a composition between the petitioner and the creditor, made
as prescribed in title one of article fifteen of the general obligations
law.
creditor's consent does not affect his remedy against any person or
persons indebted jointly with the petitioner; and the petitioner's
discharge has the effect, as between the creditor and the other joint
debtors, of a composition between the petitioner and the creditor, made
as prescribed in title one of article fifteen of the general obligations
law.