GroundRules
Iowa Code § 554.3601: Discharge and effect of discharge.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 3 - NEGOTIABLE INSTRUMENTS
- Part 6 - DISCHARGE AND PAYMENT
1. 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.
2. 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 2026-09-14T19:40:15Z. Source file · JSON