13 Pa.C.S. § 3601 Discharge and Effect of Discharge

LibraryPennsylvania Statutes
Edition2023
CurrencyCurrent through P.A. Acts 2023-66
Year2023
Citation13 Pa.C.S. § 3601

(a) Discharge.--The obligation of a party to pay the instrument is discharged as stated in this division or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.

(b) Effect of discharge.--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.

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