Section 440.3601 - Discharge; effect against holder in due course(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.1962, Act 174, Eff. 1/1/1964 ;--Am. 1993, Act 130, Eff. 9/30/1993.