Public-domain · open source
OpenJurist

O.C.G.A. § 11-3-116

Joint and several liability; contribution

Applied in 1 court decision — leading case Tennessee Pipe Fabricators, Inc., In re (1993)

Most recently applied in Tennessee Pipe Fabricators, Inc., In re (January 1993)

tion of Estates,” see 53 Mercer L

(a) Except as otherwise provided in the instrument, two 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.

(b) Except as provided in subsection (e) of Code Section 11-3-419 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.

(c) Discharge of one party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (b) of this Code section of a party having the same joint and several liability to receive contribution from the party discharged.

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.