GroundRules
Tex. Business & Commerce Code § 3.601: DISCHARGE AND EFFECT OF DISCHARGE.
Where this section sits in the code
- BUSINESS AND COMMERCE CODE
- TITLE 1. UNIFORM COMMERCIAL CODE
- CHAPTER 3. NEGOTIABLE INSTRUMENTS
- SUBCHAPTER F. 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 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.
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.
Collected 2026-08-27T01:46:56Z. Source file · JSON