Nevada Statutes
§ 101.050 — Release with reservation of rights
Subject to the provisions of NRS 101.040, the obligee’s release or discharge of one or more of several obligors, or of one or more of joint, or of joint and several obligors, shall not discharge coobligors, against whom the obligee in writing and as part of the same transaction as the release or discharge expressly reserves his or her rights; and in the absence of such a reservation of rights shall discharge coobligors only to the extent provided in NRS 101.060.
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Related
Whittlesea v. Farmer
469 P.2d 57 (Nevada Supreme Court, 1970)
Legislative History
[4:35:1927; NCL § 3703]
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