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Mich. Comp. Laws § 440.3601

Discharge; effect against holder in due course.

Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective

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Mich. Comp. Laws § 440.3601, Discharge; effect against holder in due course, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1361997
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(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.