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  • SECTION 56
    Consent of partnership
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  • ARTICLE 3
    Insolvent's Discharge From Debts
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  • SECTION 58
    Consent of purchaser or assignee of debt
    • This entry was published on 2014-09-22
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    SECTION 57

    Effect of consent where petitioner is a joint debtor

    Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 3

    § 57. Effect of consent where petitioner is a joint debtor. A
    creditor's consent does not affect his remedy against any person or
    persons indebted jointly with the petitioner; and the petitioner's
    discharge has the effect, as between the creditor and the other joint
    debtors, of a composition between the petitioner and the creditor, made
    as prescribed in title one of article fifteen of the general obligations
    law.