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Discharge and effect of discharge

NMSA 1978, § 55-3-601
in effect
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55-3-601. 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. 1978 Comp., § 55-3-601, enacted by Laws 1992, ch. 114, § 151.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18558/index.do#!b/55-3-601Fetched: 10/20/2026

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