Section 382-A: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.1993, 346:1, eff. Jan. 1, 1994.