{"data":{"id":"us-ny/n.y.-general-obligations-law-15-701","jurisdiction":"us-ny","citation":"N.Y. General Obligations Law § 15-701","heading":"Surety not discharged by failure or refusal by creditor to sue principal debtor","body":"§ 15-701. Surety not discharged by failure or refusal by creditor to\nsue principal debtor. Unless otherwise agreed between the parties in\nwriting, the failure or refusal by a creditor, after a demand by a\nperson bound as surety, to bring an action against a principal debtor\nupon a contract hereafter made or an obligation hereafter created for\nthe payment of money or the performance of any act shall not discharge\nsuch surety.","path":["General Obligations Law","Article 15. Modification and Discharge of Obligations","Title 7. Discharge of Surety"],"source_url":"https://legislation.nysenate.gov/api/3/laws/GOB/15-701","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"37119ec2765017ef74e82b3be9a92d3b72b0a35681961a330d11262a0985d582","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-general-obligations-law-15-503","next":"us-ny/n.y.-general-obligations-law-15-702"},"notice":"GroundRules: Original legal text. Not legal advice."}