N.J.S.A. 12A:3-601

Discharge and effect of discharge

12A:3-601. Discharge and effect of discharge 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 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. L.1995,c.28,s.1.

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This is the verbatim text of N.J.S.A. 12A:3-601, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.