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Can you summarize MNST 336.3-601?

UNIFORM COMMERCIAL CODE > DISCHARGE AND EFFECT OF DISCHARGE.

Short Summary

336.3-601 MS 1990 [Repealed, 1992 c 565 s 114] 336.3-601 DISCHARGE AND EFFECT OF DISCHARGE.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. History: 1992 c 565 s 66

Jurisdiction

Minnesota

Source
MNST 336.3-601 [https://reggi.cloud.regology.com/regulations/US-MNST/US-MNST_T_324_C_336_S_3-601]