§ 70A-3-601. Discharge and effect of discharge.

Latest version.

(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 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.

Repealed and Re-enacted by Chapter 237, 1993 General Session

                    
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