NRS 101.040
Payments credited to coobligors.

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.

Source: Section 101.040 — Payments credited to coobligors., https://www.leg.state.nv.us/NRS/NRS-101.html#NRS101Sec040.

101.010
Short title. 101.020
Terms defined. 101.030
Discharge of coobligor by judgment. 101.040
Payments credited to coobligors. 101.050
Release with reservation of rights. 101.060
Release without reservation of rights. 101.070
Death of joint obligor. 101.080
Chapter not retroactive. 101.090
Uniformity of interpretation.

Last Updated

Feb. 5, 2021

§ 101.040’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_101.040

Original Source: Section 101.040 — Payments credited to coobligors., https://www.leg.state.nv.us/NRS/NRS-101.html#NRS101Sec040 (last accessed Feb. 5, 2021).

NRS 101.040 Payments credited to coobligors.

NRS 101.040
Payments credited to coobligors.