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Code · UCC · UCC Article 3 — Negotiable Instruments · § 3-601

§ 3-601. 3-601

68 words·~1 min read·/us/ucc/a3/s3-601

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 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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