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§ 1. What constitutes contract of suretyship

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 8 P.S. Bonds and Recognizances

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 8 P.S. Bonds and Recognizances (Refs & Annos)
Chapter 1. Liabilities of Cosigners
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 2022 Regular Session Act 29. Some statute sections may be more current, see credits for details.
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