Colorado Statutes

§ 13-50-103 — Liability of remaining debtor

Colorado·Title 13 Courts·Art. Joint Rights and Obligations
In case one or more joint debtors are released, no one of the remaining debtors shall be liable for more than his proportionate share of the indebtedness, unless he is the principal debtor and the debtor released was his surety, in which case the principal debtor is liable for the whole of the remainder of the indebtedness.

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Legislative History

Source: L. 1899: p. 239, � 2. R.S. 08: � 3606. C.L. � 5126. CSA: C. 92, � 6. CRS 53: � 76-1-3. C.R.S. 1963: � 76-1-3.

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