Section 3-1601 - 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 that would discharge an obligation to pay money under a simple contract. [1993, c. 293, Pt. A, §2(NEW).]
(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. [1993, c. 293, Pt. A, §2(NEW).]
1993, c. 293, §A2 (NEW) .