Commercial Code - COM
DIVISION 3. NEGOTIABLE INSTRUMENTS [3101 - 3605]
( Division 3 repealed and added by Stats. 1992, Ch. 914, Sec. 6. ) CHAPTER 6. Discharge and Payment [3601 - 3605]
( Heading of Chapter 6 renamed from Part 6 by Stats. 2015, Ch. 303, Sec. 44. ) 3601.
(a) The obligation of a party to pay the instrument is discharged as stated in this division 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.
(Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.)