Idaho § 28-3-604 DISCHARGE BY CANCELLATION OR RENUNCIATION

Idaho Statutes

§ 28-3-604 — DISCHARGE BY CANCELLATION OR RENUNCIATION

Idaho § 28-3-604

Title 28COMMERCIAL TRANSACTIONS

Part 6.DISCHARGE AND PAYMENT

Ch. 3UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS

This text of Idaho § 28-3-604 (DISCHARGE BY CANCELLATION OR RENUNCIATION) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-3-604 (2026).

Text

(1)A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation or cancellation of the instrument, cancellation or striking out of the party’s signature, or the addition of words to the instrument indicating discharge, or (ii) by agreeing not to sue or otherwise renouncing rights against the party by a signed writing.

(2)Cancellation or striking out of an indorsement pursuant to subsection (1) of this section does not affect the status and rights of a party derived from the indorsement.

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(1) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation or cancellation of the instrument, cancellation or striking out of the party’s signature, or the addition of words to the instrument indicating discharge, or (ii) by agreeing not to sue or otherwise renouncing rights against the party by a signed writing.
(2) Cancellation or striking out of an indorsement pursuant to subsection (1) of this section does not affect the status and rights of a party derived from the indorsement.