GroundRules
Ark. Code Ann. § 4-3-601: Discharge and effect of discharge.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 1. Uniform Commercial Code
- Chapter 3 Negotiable Instruments
- Part 6 — Discharge and Payment
(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.
Collected 2026-09-17T21:07:03Z. Source file · JSON