{"data":{"id":"us-or/ors-73.0601","jurisdiction":"us-or","citation":"ORS 73.0601","heading":"Discharge and effect of discharge.","body":"(1) 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 which would discharge an obligation to pay money under a simple contract.\n      (2) 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":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 73 — Negotiable Instruments"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors073.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"859f3ff4ddbfbf0c9e2047a83c300aff76322522abf1ef76fed6b7af9812d18d","source_id":"us-or","stale":false,"prev":"us-or/ors-73.0505","next":"us-or/ors-73.0602"},"notice":"GroundRules: Original legal text. Not legal advice."}