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§12A-3-116.
§12A-3-116.
JOINT AND SEVERAL LIABILITY; CONTRIBUTION
(a) Except as otherwise provided in the instrument, two or more
persons who have the same liability on an instrument as makers,
drawers, acceptors, indorsers who indorse as joint payees, or
anomalous indorsers are jointly and severally liable in the capacity
in which they sign.
(b) Except as provided in subsection (e) of Section 3-419 of this
title or by agreement of the affected parties, a party having joint
and several liability who pays the instrument is entitled to receive
from any party having the same joint and several liability
contribution in accordance with applicable law.
(c) Discharge of one party having joint and several liability by a
person entitled to enforce the instrument does not affect the right
under subsection (b) of this section of a party having the same joint
and several liability to receive contribution from the party
discharged.
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