Idaho Code § 28-3-116
This is the official text of Idaho Code § 28-3-116, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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28-3-116 JOINT AND SEVERAL LIABILITY — CONTRIBUTION.
Official statutory text
PART 1.
GENERAL PROVISIONS AND DEFINITIONS
28-3-116. Joint and several liability — Contribution. (1) Except as otherwise provided in the instrument, two (2) 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.
(2) Except as provided in section 28-3-419(5) 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.
(3) Discharge of one (1) party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (2) of this section of a party having the same joint and several liability to receive contribution from the party discharged.
History:
[28-3-116, added 1993, ch. 288, sec. 2, p. 1027.]
GENERAL PROVISIONS AND DEFINITIONS
28-3-116. Joint and several liability — Contribution. (1) Except as otherwise provided in the instrument, two (2) 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.
(2) Except as provided in section 28-3-419(5) 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.
(3) Discharge of one (1) party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (2) of this section of a party having the same joint and several liability to receive contribution from the party discharged.
History:
[28-3-116, added 1993, ch. 288, sec. 2, p. 1027.]
Status: in_force · Read it on the official government site
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