There is a newer version of the Maryland Code
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2016 Maryland Code
Commercial Law
Title 3 - Negotiable Instruments
Subtitle 6 - Discharge and Payment
§ 3-601. Discharge and effect of discharge

MD Comm L Code § 3-601 (2016) What's This?

(a) The obligation of a party to pay the instrument is discharged as stated in this title 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.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.