(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) The 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.
Effective Date: 08-19-1994
Section: Previous 1303.58 1303.59 1303.60 1303.61 1303.62 1303.63 1303.64 1303.65 1303.66 1303.67 1303.68 1303.69 1303.70 1303.71-to-1303.78 NextLast modified: October 10, 2016