2014 Statute
Prev | Article 3. - NEGOTIABLE INSTRUMENTS | Next |
84-3-601. (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. |
History: L. 1991, ch. 296, § 63; Feb. 1, 1992. |
Prev | Article 3. - NEGOTIABLE INSTRUMENTS | Next |