Nevada § 101.060 - Release without reservation of rights
Full text of Nevada Nevada Revised Statutes § 101.060 — Release without reservation of rights, with citation guidance and answers to common questions.
§ 101.060. Release without reservation of rights
1. If an obligee releasing or discharging an obligor without express reservation of
rights against a coobligor, then knows or has reason to know that the obligor released
or discharged did not pay so much of the claim as the obligor was bound by his or
her contract or relation with that coobligor to pay, the obligee's claim against that
coobligor shall be satisfied to the amount which the obligee knew or had reason to
know that the released or discharged obligor was bound to such coobligor to pay. 2. If an obligee so releasing or discharging an obligor has not then such knowledge
or reason to know, the obligee's claim against the coobligor shall be satisfied to
the extent of the lesser of two amounts, namely, (1) the amount of the fractional
share of the obligor released or discharged, or (2) the amount that such obligor was
bound by his contract or relation with the coobligor to pay.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 101.060
What does Nevada Revised Statutes § 101.060 cover?
Section 101.060 ("Release without reservation of rights") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 101.060?
A common citation format is "Nevada Revised Statutes § 101.060" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 101.060 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.