Georgia Code § 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.

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Last modified: October 14, 2016