N.Y. Debt. & Cred. Law § 57

Current through 2024 NY Law Chapter 315
Section 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.

N.Y. Debt. and Cred. Law § 57