Section 6A-3-601 Discharge and effect of discharge.

RI Gen L § 6A-3-601 (2019) (N/A)
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§ 6A-3-601. Discharge and effect of discharge. (a) 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.

(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.

History of Section. (P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.)