Section 336.3-601 Discharge and Effect of Discharge - Minnesota Statutes

336.3-601 MS 1990 [Repealed, 1992 c 565 s 114]

336.3-601 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.

History:

1992 c 565 s 66