Maine § 14 §13 Payments credited to co-obligors

Maine Statutes

§ 14 §13 — Payments credited to co-obligors

Maine § 14 §13

Title 14COURT PROCEDURE -- CIVIL

Part 1GENERAL PROVISIONS

Ch. 1PARTIES AND TITLE OF ACTIONS

This text of Maine § 14 §13 (Payments credited to co-obligors) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 14, § 14 §13 (2026).

Text

The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint, or of joint and several obligors, in whole or in partial satisfaction of their obligations, shall be credited to the extent of the amount received on the obligations of all co-obligors to whom the obligor or obligors giving the consideration did not stand in the relation of a surety.

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The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint, or of joint and several obligors, in whole or in partial satisfaction of their obligations, shall be credited to the extent of the amount received on the obligations of all co-obligors to whom the obligor or obligors giving the consideration did not stand in the relation of a surety.