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 moneyunder 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 Sat Dec 23 01:57:08 2023 Iowa Code 2024, Section 554.3601 (24, 0)
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