Discharge and effect of discharge
Known as the Uniform Commercial Code
The act spans §§ 75–75 (480 sections).
Former § 75-3-601: Codes, 1942, § 41A:3-601; Laws, 1966, ch. 316, § 3-601; Laws, 1992, ch. 420, § 64, eff from and after January 1, 1993.
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.
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.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.