Nevada Revised Statutes

Nev. Rev. Stat. § 104.3116 (2026)

Joint and several liability; contribution

✓ current as of July 2026
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NRS 104.3116  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, endorsers who endorse as joint payees, or anomalous endorsers are jointly and severally liable in the capacity in which they sign.

      2.  Except as otherwise provided in subsection 6 of NRS 104.3419 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 a party having the same joint and several liability to receive contribution from the party discharged.

      (Added to NRS by 1965, 821; A 1993, 1265; 2005, 1997)

     

Notes of Decisions
Cited in 1 case, 1982–1982 · leading case: Krump Const. Co. v. First Nat. Bank of Nevada, 655 P.2d 524 (Nev. 1982).
Krump Const. Co. v. First Nat. Bank of Nevada, 655 P.2d 524 (Nev. 1982). “NRS 104.3116 requires that “[a]n instrument payable to the order of two or more persons: .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.