Payment; endorsement or memorandum

Sec. 3. This chapter does not take away or lessen the effect of any payment made by any person. However, no endorsement or memorandum of any payment made: (1) upon any instrument of writing; and (2) by or on behalf of the party to whom the payment is purported to be made; is considered sufficient to exempt the case from this chapter. [Pre-1998 Recodification Citation: 34-1-2-12.] As added by P.L.1-1998, SEC.6.