(a) 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.
(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.
Section: 45.03.601 45.03.602 45.03.603 45.03.604 45.03.605 45.03.606 NextLast modified: November 15, 2016