Skip to main content
Find a Lawyer

New York Consolidated Laws, Uniform Commercial Code - UCC § 3-601. Discharge of Parties

Current as of January 01, 2026 | Updated by Findlaw Staff

(1) The extent of the discharge of any party from liability on an instrument is governed by the sections on

(a) payment or satisfaction (Section 3-603);  or

(b) tender of payment (Section 3-604);  or

(c) cancellation or renunciation (Section 3-605);  or

(d) impairment of right of recourse or of collateral (Section 3-606);  or

(e) reacquisition of the instrument by a prior party (Section 3-208);  or

(f) fraudulent and material alteration (Section 3-407);  or

(g) certification of a check (Section 3-411);  or

(h) acceptance varying a draft (Section 3-412);  or

(i) unexcused delay in presentment or notice of dishonor or protest (Section 3-502).

(2) Any party is also discharged from his liability on an instrument to another party by any other act or agreement with such party which would discharge his simple contract for the payment of money.

(3) The liability of all parties is discharged when any party who has himself no right of action or recourse on the instrument

(a) reacquires the instrument in his own right;  or

(b) is discharged under any provision of this Article, except as otherwise provided with respect to discharge for impairment of recourse or of collateral (Section 3-606).

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - New York Consolidated Laws, Uniform Commercial Code - UCC § 3-601. Discharge of Parties - last updated January 01, 2026 | https://codes.findlaw.com/ny/uniform-commercial-code/ucc-sect-3-601/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard