{"data":{"id":"us-ak/as-45.03.601","jurisdiction":"us-ak","citation":"AS 45.03.601","heading":"Discharge and effect of discharge.","body":"(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.\n(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.","path":["Title 45. Trade and Commerce.","Chapter 03. Negotiable Instruments.","Article 6. Discharge."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.03.601","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"e3cabccec02ffca0bc81a4497e38b8234cbd716ef6b07503eb247b43af0109e2","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.03.506-45.03.511","next":"us-ak/as-45.03.602"},"notice":"GroundRules: Original legal text. Not legal advice."}