Pennsylvania Act 1874-91 — SURETIES, LIABILITIES OF

Act text

SURETIES, LIABILITIES OF
                  Act of May 14, 1874, P.L. 157, No. 91               Cl. 40
                                  AN ACT

     To define the liability of sureties upon written instruments for
        the payment of money.

        Section 1.  Notice in writing necessary to discharge sureties
        The surety or sureties in any instrument in writing for the
     forbearance or payment of money at any future time, shall not be
     discharged from their liability upon the same, by reason of
     notice from the surety or sureties, to the creditor or
     creditors, to collect the amount thereof from the principal in
     said instruments, unless such notice shall be in writing and
     signed by the party giving the same.  1874, May 14, P.L. 157,
     Sec. 1.