There Is a Newer Version
of
the Code of Alabama
2009 Alabama Code
Title 8 — COMMERCIAL LAW AND CONSUMER PROTECTION.
Chapter 3 — SURETYSHIP.
Section 8-3-1 Relationship of joint makers of notes, bills, etc.
Section 8-3-1
Relationship of joint makers of notes, bills, etc.
Joint makers of notes, bills, bonds, or contracts for the payment of money are bound severally and jointly to the payee, transferee, or holder, jointly and severally, for the full amount due; but as between themselves, each is principal to the extent of his share of the joint and several debt and surety to the extent of the shares of the other makers.
(Code 1907, §5384; Code 1923, §9543; Code 1940, T. 9, §77.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
