Idaho § 28-3-116 JOINT AND SEVERAL LIABILITY — CONTRIBUTION

Idaho Statutes

§ 28-3-116 — JOINT AND SEVERAL LIABILITY — CONTRIBUTION

Idaho § 28-3-116

Title 28COMMERCIAL TRANSACTIONS

Part 1.GENERAL PROVISIONS AND DEFINITIONS

Ch. 3UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS

This text of Idaho § 28-3-116 (JOINT AND SEVERAL LIABILITY — CONTRIBUTION) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-3-116 (2026).

Text

(1)Except as otherwise provided in the instrument, two (2) or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees, or anomalous indorsers are jointly and severally liable in the capacity in which they sign.

(2)Except as provided in section 28-3-419 (5) or by agreement of the affected parties, a party having joint and several liability who pays the instrument is entitled to receive from any party having the same joint and several liability contribution in accordance with applicable law.

(3)Discharge of one (1) party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (2) of this section of a party having the same joint and several liability t

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Except as otherwise provided in the instrument, two (2) or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees, or anomalous indorsers are jointly and severally liable in the capacity in which they sign.
(2) Except as provided in section 28-3-419 (5) or by agreement of the affected parties, a party having joint and several liability who pays the instrument is entitled to receive from any party having the same joint and several liability contribution in accordance with applicable law.
(3) Discharge of one (1) party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (2) of this section of a party having the same joint and several liability to receive contribution from the party discharged.