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 Chapter 709
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