§ 3-604. Discharge by Cancellation or Renunciation
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 3-604
§ 3-604. Discharge by Cancellation or Renunciation
(a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument, cancellation or striking out of the party's signature, or the addition of words to the instrument indicating discharge, or (ii) by agreeing not to sue or otherwise renouncing rights against the party by a signed record.
Credits
Laws 1991, c. 117, § 92, eff. Jan. 1, 1992; Laws 2009, c. 208, § 11, eff. Nov. 1, 2009.
12A Okl. St. Ann. § 3-604, OK ST T. 12A § 3-604
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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