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2015 Mississippi Code
Title 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS
Chapter 3 - UNIFORM COMMERCIAL CODE -- NEGOTIABLE INSTRUMENTS
Part 6 - DISCHARGE AND PAYMENT
§ 75-3-601 - Discharge and effect of discharge

MS Code § 75-3-601 (2015) What's This?

(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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