Nevada Revised Statutes
Nev. Rev. Stat. § 101.050 (2026)
Release with reservation of rights
✓ current as of July 2026
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NRS 101.050 Release with reservation of rights. Subject
to the provisions of NRS 101.040, the
obligee’s release or discharge of one or more of several obligors, or of one or
more of joint, or of joint and several obligors, shall not discharge
coobligors, against whom the obligee in writing and as part of the same
transaction as the release or discharge expressly reserves his or her rights;
and in the absence of such a reservation of rights shall discharge coobligors
only to the extent provided in NRS 101.060.
[4:35:1927; NCL § 3703]
Notes of Decisions
Cited in 2
cases, 1963–1970 · leading case: Whittlesea v. Farmer, 469 P.2d 57 (Nev. 1970).
Whittlesea v. Farmer, 469 P.2d 57 (Nev. 1970). “020) wherein it claimed that the defendants are jointly and severally liable (NRS 101.050) to the plaintiff. [1] A release or discharge of one of the defendants without an express reservation *59 of rights against the others discharges the others to the extent provided in NRS…”
Hansen v. Collett, 380 P.2d 301 (Nev. 1963). “Section 101.050 provides for a release or discharge of one obligor, but reserving in writing the right to proceed against co-obligors, and subject to the provisions of 101.”
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