Arizona Statutes
§ 47-3601 — Discharge and effect of discharge
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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Related
Silving v. Wells Fargo Bank, Na
800 F. Supp. 2d 1055 (D. Arizona, 2011)
Puz v. Martin
778 P.2d 1276 (Court of Appeals of Arizona, 1989)
Nearby Sections
15
§ 47-10101
Provision for transition§ 47-1101
Short title§ 47-1102
Scope of chapter§ 47-1103
Construction to promote purposes and policies; applicability of supplemental principles of law§ 47-1104
Construction against implied repeal§ 47-1105
Severability§ 47-1106
Use of singular and plural; gender§ 47-1107
Section captions§ 47-1201
General definitions§ 47-1202
Notice; knowledge§ 47-1204
Value§ 47-1205
Reasonable time; "seasonably"§ 47-1206
Presumptions