There Is a Newer Version
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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 3-A: NEGOTIABLE INSTRUMENTS
11 §3-1601. Discharge and effect of discharge
Universal Citation:
11 ME Rev Stat § 3-1601 (2011 through 125th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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Part 6: DISCHARGE AND PAYMENT
§3-1601. Discharge and effect of discharge
(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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