Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 3. · Article 3. NEGOTIABLE INSTRUMENTS · Part 6. DISCHARGE AND PAYMENT

11-3-601. Discharge and effect of discharge.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 11-3-601, enacted by Ga. L. 1996, p. 1306, § 3.

Discharge of surety by increase of risk, § 10-7-22.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, pages 467 to 468; merge action: carried; file SHA-256 ad397fccbf21.