Indiana Statutes
§ 26-1-3.1-601 — Discharge and effect of discharge
Indiana § 26-1-3.1-601
This text of Indiana § 26-1-3.1-601 (Discharge and effect of discharge) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-3.1-601 (2026).
Text
(a)The obligation of a party to pay the
instrument is discharged as stated in IC 26-1-3.1 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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Legislative History
As added by P.L.222-1993, SEC.5.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
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Bluebook (online)
Indiana § 26-1-3.1-601, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-3.1-601.