Civil Code - CIV
DIVISION 3. OBLIGATIONS [1427 - 3273.69]
( Heading of Division 3 amended by Stats. 1988, Ch. 160, Sec. 14. ) PART 1. OBLIGATIONS IN GENERAL [1427 - 1543]
( Part 1 enacted 1872. ) TITLE 4. EXTINCTION OF OBLIGATIONS [1473 - 1543]
( Title 4 enacted 1872. ) CHAPTER 6. Release [1541 - 1543]
( Chapter 6 enacted 1872. ) 1541.
An obligation is extinguished by a release therefrom given to the debtor or the released party by the creditor or releasing party, upon a new consideration, or in writing, with or without new consideration.
(Amended by Stats. 2018, Ch. 157, Sec. 1. (SB 1431) Effective January 1, 2019.)