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2020 Alaska Statutes
Title 45. Trade and Commerce
Chapter 03. Negotiable Instruments
Article 6. Discharge.
Sec. 45.03.601. Discharge and effect of discharge.
Universal Citation: AK Stat § 45.03.601 (2020)
(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 that 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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