Discharge and effect of discharge

Ind. Code § 26-1-3.1-601
in effect
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Sec. 601. (a) The obligation of a party to pay the instrument is discharged as stated in IC 26-1-3.1 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. As added by P.L.222-1993, SEC.5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026

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Ind. Code § 26-1-3.1-601 — Discharge and effect of discharge | Indiana Code (Aug. 2026 snapshot) | Corpus