1. 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. 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.
(3-601) Discharge and effect of discharge
N.D.C.C. § 41-03-63 — under Negotiable Instruments.
N.D.C.C. § 41-03-63