Tennessee § 47-3-601 - Discharge and effect of discharge.
Full text of Tennessee Tennessee Code Annotated § 47-3-601 — Discharge and effect of discharge., with citation guidance and answers to common questions.
§ 47-3-601. Discharge and effect of discharge.
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 which would discharge an obligation to pay money under a simple contract. 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. Acts 1995, ch. 397, § 2. Prior Tennessee Law: §§ 47-250 — 47-252. Textbooks. Tennessee Jurisprudence, 1 Tenn. Juris., Alteration of Instruments, § 13; 6 Tenn. Juris., Commercial Law, § 85. Law Reviews. The Law of Negotiable Instruments, Bank Deposits, and Collections in Tennessee: A Survey of Changes in the 1990 Revision to UCC Articles 3 and 4 (Virginia Wilson), 28 U. Mem. L. Rev. 117 (1997). Cited: Cumberland Bank v. G & S Implement Co., 211 S.W.3d 223, 2006 Tenn. App. LEXIS 528 (Tenn. Ct. App. 2006).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-3-601
What does Tennessee Code Annotated § 47-3-601 cover?
Section 47-3-601 ("Discharge and effect of discharge.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-3-601?
A common citation format is "Tennessee Code Annotated § 47-3-601" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-3-601 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.