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Code · Nevada · CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES

NRS 104.3601 Discharge and effect of discharge.

75 words·~1 min read·/nv/chapter-104-uniform-commercial-code-original-articles/104-3601

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NRS 104.3601 Discharge and effect of discharge.
1. 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.
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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