State Codes and Statutes

Statutes > Georgia > Title-11 > Article-3 > Part-6 > 11-3-601

O.C.G.A. 11-3-601 (2010)
11-3-601. Discharge and effect of discharge

(a) The obligation of a party to pay the instrument is discharged as stated in this article 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.

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-3 > Part-6 > 11-3-601

O.C.G.A. 11-3-601 (2010)
11-3-601. Discharge and effect of discharge

(a) The obligation of a party to pay the instrument is discharged as stated in this article 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.