N.Y. General Obligations Law § 15-701
Surety not discharged by failure or refusal by creditor to sue principal debtor
New York · New York General Obligations Law · Status: effective · Effective 2014-09-22
Cite this
- Citation
- N.Y. General Obligations Law § 15-701, Surety not discharged by failure or refusal by creditor to sue principal debtor, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1111013
- Permanent ID
ys:prov:1111013@1- SHA-256
b84d76c126ba500b65437f623f5a18309f48f2cdf8f5b538a249f8e7da5d53d8
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
§ 15-701. Surety not discharged by failure or refusal by creditor to
sue principal debtor. Unless otherwise agreed between the parties in
writing, the failure or refusal by a creditor, after a demand by a
person bound as surety, to bring an action against a principal debtor
upon a contract hereafter made or an obligation hereafter created for
the payment of money or the performance of any act shall not discharge
such surety.