The creditor may release or compound with the surety without releasing the principal, but the release of or compounding with one
surety shall discharge a cosurety.
O.C.G.A. § 10-7-20
Effect of release of or compounding with surety
Applied in 1 court decision — leading case Hardaway Company v. Amwest Surety Insurance Company (1993)
Most recently applied in Hardaway Company v. Amwest Surety Insurance Company (March 1993)
Orig
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.