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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1206Merger benefits surety.

Sub-title V

In forceOfficial text

(1) The merger which takes place in the person of the principal debtor, shall benefit the sureties.

(2) The merger which takes place in the person of the surety, shall not produce the extinguishment of the principal obligation.

(3) The merger which takes place in the person of one of the joint and several debtors, shall not benefit the other co-debtors except to the extent of the share for which such co-debtor was liable.

§ VI. OF THE LOSS OF THE THING DUE