§ 3–601
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 3-601 (2026)
Title 3. Negotiable Instruments
Subtitle 6. Discharge and Payment
§ 3–601LinkCopy Citation
(a)
The obligation of a party to pay the instrument is discharged as stated in this title 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.