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TENNESSEE STATUTES AND CODES
47-3-601 - Discharge and effect of discharge.
47-3-601. 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.
[Acts 1995, ch. 397, § 2.]
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