Oregon Code § 73.0116·Enacted ·Last updated March 01, 2026
Statute Text
Joint
and several liability; contribution.
(1) Except as otherwise provided in the instrument, two or more persons who
have the same liability on an instrument as makers, drawers, acceptors,
indorsers who indorse as joint payees, or anomalous indorsers are jointly and
severally liable in the capacity in which they sign.
(2) Except as
provided in ORS 73.0419 (5) or by agreement of the affected parties, a party
having joint and several liability who pays the instrument is entitled to
receive, from any party having the same joint and several liability,
contribution in accordance with applicable law.
(3) Discharge of
one party having joint and several liability by a person entitled to enforce
the instrument does not affect the right under subsection (2) of this section
of a party having the same joint and several liability to receive contribution
from the party discharged. [1993 c.545 §19]
Plain English Explanation
This Oregon statute addresses Joint
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 73.0116
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Joint
. Read the full statute text above for details.
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The formal citation is Oregon Code § 73.0116. Use this format in legal documents and court filings.
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