Action on Instruments May Be Joint or Several

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  2. Tennessee Code
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  5. Action on Instruments May Be Joint or Several

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Upon any note or negotiable instrument, the holder may maintain a joint action against the maker and any one (1) or more of the sureties or endorsers; or a joint and several action against the maker and/or any one (1) or more of the sureties or endorsers.

Code 1858, § 1958 (deriv. Acts 1820, ch. 25, § 1; 1837-1838, ch. 5, § 1); Shan., § 3507; mod. Code 1932, § 7317; T.C.A. (orig. ed.), §§ 47-805, 47-15-108.

Cited: Whiteside v. Latham, 42 Tenn. 91, 1865 Tenn. LEXIS 23 (1865); Bank of Sherman v. E. M. Apperson & Co., 4 F. 25, 1880 U.S. App. LEXIS 2590 (C.C.D. Tenn. 1880).


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