Cal. Civil Code § 1541 : Extinction Of Obligations — California Civil Code — Obligations — Release — Obligation extinguished Date: 14 Sep 2016 TEXT PDF Current through the 2016 Legislative Session An obligation is extinguished by a release therefrom given to the debtor by the creditor, upon a new consideration, or in writing, with or without new consideration. Ca. Civ. Code § 1541