1. If the creditor enters into a settlement with one of the joint and several debtorsi and the settlement includes a release from the debt or a discharge of liability therefrom by any other means, the other debtors shall benefit from this settlement. 2. If the creditor enters into a settlement with one of the joint and several debtors and this settlement creates a new obligation on the other debtors or increases their obligation, this settlement shall not be effective against them unless they approve it.
Interpretation and application must be checked against the official text and current version.