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§ 3601. Discharge and effect of discharge

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 3. Negotiable Instruments (Refs & Annos)
Chapter 36. Discharge and Payment
13 Pa.C.S.A. § 3601
§ 3601. Discharge and effect of discharge
Currentness
(a) Discharge.--The obligation of a party to pay the instrument is discharged as stated in this division or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
(b) Effect of discharge.--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.

Credits

1992, July 9, P.L. 507, No. 97, § 5, effective in one year.
13 Pa.C.S.A. § 3601, PA ST 13 Pa.C.S.A. § 3601
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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