Georgia Code § 11-3-601 - Discharge and Effect of Discharge

(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.

Section: 11-3-601  11-3-602  11-3-603  11-3-604  11-3-605    Next

Last modified: October 14, 2016