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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 3:
Section: 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.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:3-601 (if available):
Court decisions that cite this statute:
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