13-4-80. Release of another bound jointly or primarily or acceptance of higher security for same debt.
48 words·~1 min read·
/ga/title-13-contracts/article-5-release/13-4-80·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A release may result by operation of law. When a creditor releases another who is bound jointly with or primarily to a debtor or accepts from a debtor a higher security for the same debt, not intended to be collateral thereto, a release results by operation of law.