§ 1. What constitutes contract of suretyship
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 8 P.S. Bonds and Recognizances
8 P.S. § 1
§ 1. What constitutes contract of suretyship
Every written agreement hereafter made by one person to answer for the default of another shall subject such person to the liabilities of suretyship, and shall confer upon him the rights incident thereto, unless such agreement shall contain in substance the words: “This is not intended to be a contract of suretyship,” or unless each portion of such agreement intended to modify the rights and liabilities of suretyship shall contain in substance the words: “This portion of the agreement is not intended to impose the liability of suretyship.”
Credits
1913, July 24, P.L. 971, No. 448, § 1.
8 P.S. § 1, PA ST 8 P.S. § 1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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