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Discharge and effect of discharge.

Iowa Code § 554.3601
in effect
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554.3601. Discharge and effect of discharge. 1. 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. 2. 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. 94 Acts, ch 1167, §73, 121, 122
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/554.3601.pdfFetched: 10/20/2026

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