Alaska § 45.03.601 - Discharge and effect of discharge.
Full text of Alaska Alaska Statutes § 45.03.601 — Discharge and effect of discharge., with citation guidance and answers to common questions.
§ 45.03.601. Discharge and effect of discharge.
(a) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the party that 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.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.03.601
What does Alaska Statutes § 45.03.601 cover?
Section 45.03.601 ("Discharge and effect of discharge.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.03.601?
A common citation format is "Alaska Statutes § 45.03.601" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.03.601 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.