Crediting contract; surety

Va. Code Ann. § 11-11
in effect
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When such compounding or compromise is made, the contract or obligation shall be credited with a full share of the party released, except where the compounding or compromise is with a surety or cosurety, and in that case, as between the creditor and principal, the credit shall be for the sum actually paid by the compounding debtor. Code 1919, § 5764.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/11-11/Fetched: 10/16/2026

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