New York Uniform Commercial Code Law Part 6 - DISCHARGE

• 3-601 - Discharge of Parties.
  Section 3--601. Discharge of Parties. (1) The extent of the discharge of any party from liability on an instrument is governed by the sections on...
• 3-602 - Effect of Discharge Against Holder in Due Course.
  Section 3--602. Effect of Discharge Against Holder in Due Course. No discharge of any party provided by this Article is effective against a subsequent holder...
• 3-603 - Payment or Satisfaction.
  Section 3--603. Payment or Satisfaction. (1) The liability of any party is discharged to the extent of his payment or satisfaction to the holder even...
• 3-604 - Tender of Payment.
  Section 3--604. Tender of Payment. (1) Any party making tender of full payment to a holder when or after it is due is discharged to...
• 3-605 - Cancellation and Renunciation.
  Section 3--605. Cancellation and Renunciation. (1) The holder of an instrument may even without consideration discharge any party (a) in any manner apparent on the...
• 3-606 - Impairment of Recourse or of Collateral.
  Section 3--606. Impairment of Recourse or of Collateral. (1) The holder discharges any party to the instrument to the extent that without such party's consent...

Last modified: February 3, 2019