2021 Oregon Revised Statutes
Chapter 073 - Negotiable Instruments
Section 73.0601 - Discharge and effect of discharge.


(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. [1993 c.545 §67]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 073 - Negotiable Instruments

Section 73.0102 - Application of chapter.

Section 73.0103 - Definitions.

Section 73.0104 - Negotiable instrument; other definitions.

Section 73.0105 - Issue of instrument.

Section 73.0106 - Unconditional promise or order.

Section 73.0108 - Payable on demand or at definite time.

Section 73.0109 - Payable to bearer or to order.

Section 73.0110 - Identification of person to whom instrument is payable.

Section 73.0112 - Interest.

Section 73.0113 - Date of instrument.

Section 73.0115 - Incomplete instrument.

Section 73.0116 - Joint and several liability; contribution.

Section 73.0118 - Statute of limitations.

Section 73.0201 - Negotiation.

Section 73.0202 - Negotiation subject to rescission.

Section 73.0203 - Transfer of instrument; rights acquired by transfer.

Section 73.0204 - Indorsement.

Section 73.0205 - Special indorsement; blank indorsement; anomalous indorsement.

Section 73.0206 - Restrictive indorsement.

Section 73.0302 - Holder in due course.

Section 73.0303 - Value and consideration.

Section 73.0304 - Overdue instrument.

Section 73.0305 - Defenses and claims in recoupment.

Section 73.0307 - Notice of breach of fiduciary duty.

Section 73.0308 - Proof of signatures and status as holder in due course.

Section 73.0309 - Enforcement of lost, destroyed or stolen instrument.

Section 73.0310 - Effect of instrument on obligation for which taken.

Section 73.0312 - Lost, destroyed or stolen cashier’s check, teller’s check or certified check.

Section 73.0401 - Signature.

Section 73.0402 - Signature by representative.

Section 73.0403 - Unauthorized signature.

Section 73.0404 - Impostors; fictitious payees.

Section 73.0405 - Employer’s responsibility for fraudulent indorsement by employee.

Section 73.0406 - Negligence contributing to forged signature or alteration of instrument.

Section 73.0407 - Alteration.

Section 73.0409 - Acceptance of draft; certified check.

Section 73.0410 - Acceptance varying draft.

Section 73.0411 - Refusal to pay cashier’s checks, teller’s checks and certified checks.

Section 73.0413 - Obligation of acceptor.

Section 73.0414 - Obligation of drawer.

Section 73.0415 - Obligation of indorser.

Section 73.0416 - Transfer warranties.

Section 73.0417 - Presentment warranties.

Section 73.0418 - Payment or acceptance by mistake.

Section 73.0419 - Instruments signed for accommodation.

Section 73.0420 - Conversion of instrument.

Section 73.0501 - Presentment.

Section 73.0502 - Dishonor.

Section 73.0503 - Notice of dishonor.

Section 73.0504 - Excused presentment and notice of dishonor.

Section 73.0505 - Evidence of dishonor.

Section 73.0601 - Discharge and effect of discharge.

Section 73.0602 - Payment.

Section 73.0603 - Tender of payment.

Section 73.0604 - Discharge by cancellation or renunciation.

Section 73.0605 - Discharge of indorsers and accommodation parties.