GEORGIA CODE (Last Updated: August 20, 2013) |
Title 10. COMMERCE AND TRADE |
Chapter 7. SURETYSHIP |
Article 2. RELATIVE RIGHTS OF CREDITOR AND SURETY |
Section 10-7-21. "Novation" defined; effect on surety's liability
Latest version.
- Any change in the nature or terms of a contract is called a "novation"; such novation, without the consent of the surety, discharges him.
Orig. Code 1863, § 2130; Code 1868, § 2125; Code 1873, § 2153; Code 1882, § 2153; Civil Code 1895, § 2971; Civil Code 1910, § 3543; Code 1933, § 103-202.