2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 36 - Discharge and Payment
Section 3601 - Discharge and effect of discharge

                                CHAPTER 36
                          DISCHARGE AND PAYMENT

     Sec.
     3601.  Discharge and effect of discharge.
     3602.  Payment.
     3603.  Tender of payment.
     3604.  Discharge by cancellation or renunciation.
     3605.  Discharge of indorsers and accommodation parties.

        Enactment.  Chapter 36 was added July 9, 1992, P.L.507,
     No.97, effective in one year.
        Prior Provisions.  Former Chapter 36, which related to
     discharge, was added November 1, 1979, P.L.255, No.86, and
     repealed July 9, 1992, P.L.507, No.97, effective in one year.
     § 3601.  Discharge and effect of discharge.
        (a)  Discharge.--The obligation of a party to pay the
     instrument is discharged as stated in this division or by an act
     or agreement with the party which would discharge an obligation
     to pay money under a simple contract.
        (b)  Effect of discharge.--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.