GroundRules
AS 45.03.601: Discharge and effect of discharge.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 03. Negotiable Instruments.
- Article 6. 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 that 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.
Collected 2026-09-02T06:19:44Z. Source file · JSON