13-80-114. Promise by one of parties in joint interest.

Statute text

No joint debtor, obligor, or his personal representative or successor shall lose the benefit of the provisions of this article so as to be chargeable by reason only of any acknowledgment, promise, or payment made by any other of them.

History

Source: L. 86: Entire article R&RE, p. 701, 1, effective July 1.

Annotations

Editor's note: This section is similar to former 13-80-120 and 13-80-124 as they existed prior to 1986.

Annotations

 

ANNOTATION

Annotations

Payments of one indorser of a promissory note operate only to avoid the bar of the statute of limitations as to himself not as to a joint maker. Coulter v. Bank of Clear Creek County, 18 Colo. App. 444, 72 P. 602 (1903); Torbit v. Heath, 11 Colo. App. 492, 53 P. 615 (1898) (decided under former 13-80-124).