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U.C.C. - ARTICLE 3 - NEGOTIABLE INSTRUMENTS
..PART 6. DISCHARGE AND PAYMENT

§ 3-601. DISCHARGE AND EFFECT OF DISCHARGE.

  • (a) The obligation of a party to pay the instrument is discharged as stated in this Article or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
  • (b) Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge.
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© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.