2016 Missouri Revised Statutes
TITLE XXVIII CONTRACTS AND CONTRACTUAL RELATIONS (431-436)
Chapter 431 General Provisions as to Contracts
Section 431.150 Creditor may compound with one of several debtors--release--what sums.
431.150. It shall be lawful for every creditor of two or more debtors, joint or several, to compound with any and every one or more of his debtors for such sum as he may see fit, and to release him or them from all further liability to him for such indebtedness, without impairing his right to demand and collect the balance of such indebtedness from the other debtor or debtors thereof, and not so released; provided, that no such release shall impair the right of any debtor of such indebtedness, not so released, to have contribution from his codebtors, as is by law now secured to him.
(RSMo 1939 § 3348)
Prior revisions: 1929 § 2961; 1919 § 2163; 1909 § 2777
Disclaimer: These codes may not be the most recent version. Missouri 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.
