(1).
The obligation of a party to pay the instrument is discharged as stated in this Article or by an act or agreement with the
party that would discharge an obligation to pay money under a simple contract.
[
1993, c. 293, Pt. A, §2 (NEW)
.]
(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. 293, Pt. A, §2 (NEW)
.]
SECTION HISTORY
1993, c. 293, §A2 (NEW).
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