Section 16-2106 - Separate composition or compromise

Separate composition or compromise

Any one of several joint debtors when their debt is overdue, may make a separate composition or compromise with their creditors, with the same effect as is provided in the case of parties by Chapter 3 of Title 41.

CREDIT(S)

(Dec. 23, 1963, 77 Stat. 585, Pub. L. 88-241, § 1.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 16-2106.
1973 Ed., § 16-2106.

Current through September 13, 2012