{"data":{"id":"us-mi/mich.-comp.-laws-440.3601","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.3601","heading":"Discharge; effect against holder in due course.","body":"Sec. 3601.\n\nThe 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.\n\nDischarge 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":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-3601","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"1b2ea494e043d0f96c3337e58bf642bc8d53402cc29b771ab0bb9dfe6cddcb6b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.3505","next":"us-mi/mich.-comp.-laws-440.3602"},"notice":"GroundRules: Original legal text. Not legal advice."}