GroundRules
S.C. Code Ann. § 36-3-601: Discharge and effect of discharge.
Where this section sits in the code
- Title 36 - COMMERCIAL CODE
- CHAPTER 3 Commercial Code—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 2026-09-02T07:08:14Z. Source file · JSON