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4-3-601. Discharge and effect of discharge.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-3-601. 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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-3-601
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-3-601
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: afd46156f248c8ab0b1aa12780110fbe4df0c26f02f037d0ee4fdc3081b4cb5b
Source location: content.xml paragraph 5095
Stored source content
4-3-601. 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.
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