Nevada Statutes
§ 101.040 — Payments credited to coobligors
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 coobligors to whom the obligor or obligors giving the consideration did not stand in the relation of a surety.
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Related
Whittlesea v. Farmer
469 P.2d 57 (Nevada Supreme Court, 1970)
Western Technologies, Inc. v. All-American Golf Center, Inc.
139 P.3d 858 (Nevada Supreme Court, 2006)
Branch Banking & Trust Co. v. Pebble Creek Plaza, LLC
46 F. Supp. 3d 1061 (D. Nevada, 2014)
Branch Banking & Trust Co. v. Eloy Business Park, LLC
112 F. Supp. 3d 1129 (D. Nevada, 2015)
Branch Banking & Trust Co. v. Sossaman & Guadalupe Plaza, LLC
47 F. Supp. 3d 1083 (D. Nevada, 2014)
Legislative History
[3:35:1927; NCL § 3702]
Nearby Sections
9
§ 101.010
Short title§ 101.020
Terms defined§ 101.030
Discharge of coobligor by judgment§ 101.040
Payments credited to coobligors§ 101.050
Release with reservation of rights§ 101.070
Death of joint obligor§ 101.080
Chapter not retroactive§ 101.090
Uniformity of interpretation