{"data":{"id":"us-ky/krs-355.3-601","jurisdiction":"us-ky","citation":"KRS 355.3-601","heading":"Discharge and effect of dishonor.","body":"(1) The obligation of a party to pay the instrument is discharged as stated in this article\nor by an act or agreement with the party which would discharge an obligation to pay\nmoney under a simple contract.\n(2) Discharge of the obligation of a party is not eff ective against a person acquiring\nrights of a holder in due course of the instrument without notice of the discharge.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33502","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"eb3b03c14c01692f5559e69532f5ca640948ad791f92f0dc543bc1d9eb71a3a5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-511","next":"us-ky/krs-355.3-602"},"notice":"GroundRules: Original legal text. Not legal advice."}