N.Y. GOB Law § 15-103
This is the official text of N.Y. GOB Law § 15-103, part of New York’s GOB Law — part of the compiled statutory law of New York, published by the state as "GOB Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Consideration to be credited to co-obligor
Official statutory text
§ 15-103. Consideration to be credited to co-obligor. The amount or\nvalue of any consideration received by the obligee from one or more of\nseveral obligors, or from one or more of joint, or of joint and several\nobligors, in whole or in partial satisfaction of their obligations,\nshall be credited to the extent of the amount received on the\nobligations of all co-obligors to whom the obligor or obligors giving\nthe consideration did not stand in the relation of a surety.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.