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N.Y. General Obligations Law § 15-303 : Requirements For Effectiveness Or Enforceability Of Modification Or Discharge — General Obligations — Modification And Discharge Of Obligations — Release in writing without consideration or seal

Current through 2016 New York Laws, Chapters 1 to 237

A written instrument which purports to be a total or partial release of all claims, debts, demands or obligations, or a total or partial release of any particular claim, debt, demand or obligation, or a release or discharge in whole or in part of a mortgage, lien, security interest or charge upon personal or real property, shall not be invalid because of the absence of consideration or of a seal.

N.Y. Gen. Oblig. Law § 15-303