N.Y. Uniform Commercial Code 3-602 – Effect of Discharge Against Holder in Due Course
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Section 3–602. Effect of Discharge Against Holder in Due Course.
Terms Used In N.Y. Uniform Commercial Code 3-602
- Instrument: means a negotiable instrument. See N.Y. Uniform Commercial Code 3-102
No discharge of any party provided by this Article is effective against a subsequent holder in due course unless he has notice thereof when he takes the instrument.