Utah Code § 15-4-4

Current through the 2024 Fourth Special Session
Section 15-4-4 - Release of co-obligor - Reservation of rights

Subject to the provisions of Section 15-4-3, 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, does not discharge co-obligors against whom the obligee in writing and as part of the same transaction as the release or discharge expressly reserves his rights; and in the absence of such a reservation of rights shall discharge co-obligors only to the extent provided in Section 15-4-5.

Utah Code § 15-4-4

Amended by Chapter 378, 2010 General Session .