C.R.S. § 13-50-101 Joint obligations and covenants
13-50-101. Joint obligations and covenants. All joint obligations and covenants shall be taken and held to be joint and several obligations and covenants.
Joint Rights and Obligations
C.R.S. tit. 13, art. 50
in effectC.R.S. § 13-50-102 Joint debtors - release - effect
13-50-102. Joint debtors - release - effect. A creditor of joint debtors may release one or more of such debtors, and such release shall operate as a full discharge of such debtor so released, but such release shall not release or discharge or affect the liability of the remaining debtor. Such release shall be taken and held to be a payment in the indebtedness of the full proportionate share of the debtor so released.
C.R.S. § 13-50-103 Liability of remaining debtor
13-50-103. Liability of remaining debtor. In case one or more joint debtors are released, no one of the remaining debtors shall be liable for more than his proportionate share of the indebtedness, unless he is the principal debtor and the debtor released was his surety, in which case the principal debtor is liable for the whole of the remainder of the indebtedness.
C.R.S. § 13-50-104 Right of surety
13-50-104. Right of surety. Nothing in sections 13-50-102 to 13-50-104 affects or changes the right of a surety who has paid his proportionate share of an indebtedness of recovering the same from his principal debtor.
C.R.S. § 13-50-105 Actions by and against partnerships and associations - what property bound by judgment
13-50-105. Actions by and against partnerships and associations - what property bound by judgment. A partnership or other unincorporated association may sue or be sued in an action in its common name to enforce for or against it a substantive right; except that in such action only the property of the partnership or other unincorporated association, the joint property of the associates, and the separate property of any individual member thereof who is named as a party individually and over whom individually the court has acquired jurisdiction either by entry of appearance or by service of process may be bound by the judgment therein.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-13.docxFetched: 10/6/2026