DISCHARGE AND EFFECT OF DISCHARGE
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Applied in 2 court decisions — leading case Abernathy v. Fehlis (1995)
Most recently applied in Meisel, Rodney v. U.S. Bank, N.A. (February 2013)
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff
(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 that 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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.