Section 14-205 - Effect of stay, postponement, or suspension on sureties, guarantors, and endorsers. - Maryland Statutes

§ 14-205. Effect of stay, postponement, or suspension on sureties, guarantors, and endorsers.
 

(a)  In general.- If in accordance with this subtitle a court stays, postpones, or suspends the enforcement of an obligation or liability, the prosecution of a suit or proceeding, the entry or enforcement of an order, writ, judgment, or decree, or the performance of any other act, the court may also grant the same stay, postponement, or suspension to a surety, guarantor, endorser, or other person subject to the same obligation or liability, the performance or enforcement of which is stayed, postponed, or suspended. 

(b)  Vacation of judgment or decree.- If in accordance with this subtitle a court vacates or sets aside all or part of a judgment or decree, the court may also vacate or set aside all or part of the judgment or decree as to a surety, guarantor, endorser, or other person liable under the contract or liability for the enforcement of which the judgment or decree was entered. 
 

[An. Code 1957, art. 16A, § 16; 2003, ch. 5, § 2.]