(810 ILCS 5/3-116)
(from Ch. 26, par. 3-116)
Joint and several liability; contribution.
(a) Except as otherwise provided in the instrument, 2 or more persons
who have the same liability on an instrument as makers, drawers, acceptors,
indorsers who are indorsing joint payees, or anomalous indorsers are
jointly and severally liable in the capacity in which they sign.
(b) Except as provided in Section 3-419(e) or by agreement of the
affected parties, a party having joint and several liability that pays the
instrument is entitled to receive from any party having the same joint and
several liability contribution in accordance with applicable law.
(c) Discharge of one party having joint and several liability by a
person entitled to enforce the instrument does not affect the right under
subsection (b) of a party having the same joint and several liability to
receive contribution from the party discharged.
(Source: P.A. 87-582.)