Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

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TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 3
UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
PART 6.
DISCHARGE AND PAYMENT
28-3-601.  Discharge and effect of discharge. (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.

History:
[28-3-601, added 1993, ch. 288, sec. 2, p. 1050.]


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