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.
NRS 101.040
Payments credited to coobligors
Known as the Uniform Joint Obligations Act
The act spans §§ 101–101 (9 sections).
Applied in 5 court decisions — leading case Whittlesea v. Farmer (1970)
Most recently applied in 112 F. Supp. 3d 1129 - Branch Banking & Trust Co. v. Eloy Business Park, LLC (June 2015)
[3:35:1927; NCL § 3702]
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.