{"data":{"id":"us-ia/iowa-code-554.3601","jurisdiction":"us-ia","citation":"Iowa Code § 554.3601","heading":"Discharge and effect of discharge.","body":"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.\n2. 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 XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 3 - NEGOTIABLE INSTRUMENTS","Part 6 - DISCHARGE AND PAYMENT"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.3601.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"16af368a7f6b9614e8e16a2ff2d6ea837a5f57a3560dedb3cd64666e5c8d4459","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.3513","next":"us-ia/iowa-code-554.3602"},"notice":"GroundRules: Original legal text. Not legal advice."}