Sec. 3. This chapter does not take away or lessen the effect of any payment made by any person. However, no endorsement or memorandum of any payment made:
(1) upon any instrument of writing; and
(2) by or on behalf of the party to whom the payment is purported to be made;
is considered sufficient to exempt the case from this chapter.
[Pre-1998 Recodification Citation: 34-1-2-12.]
As added by P.L.1-1998, SEC.6.
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