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Code · Arizona · Title 47 — Welfare, Social Services, and Institutions

47-3601. Discharge and effect of discharge

68 words·~1 min read·/az/title-47/47-3601

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. The obligation of a party to pay the instrument is discharged as stated in this chapter 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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