The Yazoo City Whig and political register. (Yazoo City, Miss.) 1842-1844, 1844-06-14
1atUs of 5atsslsstppt,
PASSED AT THE REGuLAR SESSION OF 1914.
AN ACT to enable credilors 10 estlle seba.

AN ACT to enable creditors to settle seba-
rately with dsh'ers jointly bound to them.
SECT. !. 3 gctsd By the Legisiatare
or the STATE D sssippi, That mall cases
Of joint. or joiat and several Indebtedness
or liability upon any debt, open account,
promissory note, bill of exchange, draft, con-
tract, obligation, judgment or decree hereto
fore, or hereafter 10 be made, contracted, or
entered into by, or rendered against any Two
or more persons. it shall be lawful for the
creditor or creditors, or legal owner or 0wn-
eTs thereof, 20 receive from any one or more
OF the persons 30 indebted or liable, payment
or security for the payment of part of such
debt, account, note, bill, draft, contract, OBJ
legation, judgment or decree. and thereupon
TO releate the person or persons SO paying.
or giving security for payment as aforesaid,
from any farther liability TO such creditor or
creditors, or legal owner or owners, and such
releafe shall in no wise affect the right of
creditor or creditors, or legal owner or own
ers to sue for and recover the residue of the
amount remaining due or unpaid, from The
o'her joint, or joint and several debtors max
eTs, drawers, endersPrs, nromsore, contrac-
tors or obligorg, or defendants in such iu6g-
ment or decree; nor shall such release ope.
rate 60 release OF all or any of the remain
ing debtors, makers, drawers, endoreers,
promisoTe, contractors or oblgors, or defen-
dants in such Judgment or decree: Proyid-
ed, that nothing in this act shall be 80 con.
s'rued as to affec the right or liability Of such
joint, or joint and several DEBTORS, makers,
draweresa endoTsere,s promisors, contractors
or Cbligors, &. defendants nsuch judgment
or decree 70 payments or contribution as
among themselves: Provided also, that all
mortgages. deeie ofrusf, or other securities,
and ell agreements for mortgages, deeds OF
trust, Or other securities, heretofore 81 here
after % be made, e1feuled or entered INTO
for the purpose of securing any such Joint,
or joint indebtednees or liabiiiiu. as herein
above mentioned, shall remain in full force
% favor Of such creditor 81 credislrs or legal
oVner o. oMners, IS aeainsl any and al per.
EoHs gi1aly indeblad crliable. and net
g released, and also a favor 81 every such
loin of JONI and sra erai ebtor ebtofs.
maker q makefs. drawer Or drawers. endor-
EEL a 9aaefkoIs pFomlsct ot prOmisofs con.
sEacloE g eontiecioFs ehiIeor er obligors, OF
deIendanl 81 defcndaniss I'll ench indpmenf
q decree 80 iar rs they may Sc enf:sIed q
naNe e. claim payments or contributions from
each other IL this same manner, as e snch
release has net been given: And provided
ltnFlher, that upon release being gained to
any debtor, as herein provided, The amount
PAID by such debtor shall be less than The
ratable share OF such debtor il he whole
debt, credit shall be entered by the credi-
tor on such bond, bill, note or aceount. equal
to such ratabe share; and if such payment
shall be more than such e1ual share, then
the whole amount paid shall be credited
thereon; and no other joint debtor shall be
liable where such release is granted for more
than his pro rata or share OF said deGt.
SEC. g That this act shall be in force fiem
and after its passage.
/ Approved, February %, 1914.