North Dakota Statutes

§ 41-03-63 — (3-601) Discharge and effect of discharge

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-03 Negotiable Instruments
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 which 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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North Dakota § 41-03-63 ((3-601) Discharge and effect of discharge) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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