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Code · Montana · Title 30 — Trade and Commerce · Chapter 3 · Part 6

30-3-601. Discharge and effect of discharge.

75 words·~1 min read·/mt/title-30/chapter-3/part-6/30-3-601·

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30-3-601 . Discharge and effect of discharge.
(1)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 that would discharge an obligation to pay money under a simple contract.
(2)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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