§ 6A-3-601. Discharge and effect of discharge.
(a) 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.
(b) 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.
History of Section.P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-3 - Negotiable Instruments
Part 6 - Discharge and Payment
Section 6A-3-601. - Discharge and effect of discharge.
Section 6A-3-603. - Tender of payment.
Section 6A-3-604. - Discharge by cancellation or renunciation.
Section 6A-3-605. - Discharge of indorsers and accommodation parties.