Code of Virginia - Title 8.3A Commercial Code - Negotiable Instruments - Part 6 Discharge And Payment

  • 8.3A-601 Discharge and effect of discharge
    (a) The obligation of a party to pay the instrument is discharged as stated in this title or by an act or agreement with the ...
  • 8.3A-602 Payment
    (a) Subject to subsection (b), an instrument is paid to the extent payment is made (i) by or on behalf of a party obliged to ...
  • 8.3A-603 Tender of payment
    (a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of ...
  • 8.3A-604 Discharge by cancellation or renunciation
    (a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by ...
  • 8.3A-605 Discharge of endorsers and accommodation parties
    (a) In this section, the term "endorser" includes a drawer having the obligation described in § 8.3A-414 (d). (b) Discharge, under § 8.3A-604, of the ...

Last modified: April 3, 2009