Nevada Statutes

§ 104.3601 — Discharge and effect of discharge

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Discharge and Payment
1.The obligation of a party to pay the instrument is discharged as stated in this article 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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Legislative History

(Added to NRS by 1965, 836 ; A 1993, 1295 )

Nearby Sections

15
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