GroundRules
Ala. Code § 7-3-601: Discharge and Effect of Discharge.
Where this section sits in the code
- Title 7 Commercial Code.
- Article 3 Negotiable Instruments.
- Part 6 Discharge and Payment.
(a) The obligation of a party to pay the instrument is discharged as stated in this article 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.
Collected 2026-09-03T14:01:52Z. Source file · JSON