Montana Statutes
§ 30-3-601 — Discharge And Effect Of Discharge
Montana·Title 30 TRADE AND COMMERCE·Ch. 3 UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS·Part 6 Discharge
30-3-601 . Discharge and effect of discharge.
(1)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 that would discharge an obligation to pay money under a simple contract.
(2)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
En. Sec. 3-601, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-601; amd. Sec. 150, Ch. 410, L. 1991.
Nearby Sections
15
§ 30-3-101
Short Title§ 30-3-102
Definitions§ 30-3-103
Repealed§ 30-3-104
Negotiable Instrument§ 30-3-105
Unconditional Promise Or Order§ 30-3-106
Repealed§ 30-3-107
Instrument Payable In Foreign Money§ 30-3-108
Payable On Demand§ 30-3-109
Definite Time§ 30-3-110
Repealed§ 30-3-111
Payable To Bearer Or To Order§ 30-3-112
Repealed§ 30-3-113
Repealed§ 30-3-114
Date Of Instrument§ 30-3-115
Incomplete Instrument