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2019 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 3 - Negotiable Instruments
Part 6 - Discharge and Payment
§ 47-3-601. Discharge and effect of discharge.
Universal Citation:
TN Code § 47-3-601 (2019)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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(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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