Illinois Compiled Statutes

810 ILCS 5/3-601 (2026)

Discharge and effect of discharge

✓ current as of May 2026
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(810 ILCS 5/3-601) (from Ch. 26, par. 3-601)
    Sec. 3-601. Discharge and effect of discharge.
    (a) The obligation of a party to pay the instrument is discharged as stated in this Article or by an act or agreement with the party which 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: P.A. 87-582.)

    
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2023–2023 · leading case: W. & Lake Check Cashers, LLC v. Propane Pete, LLC, 2023 IL App (2d) 220291 (Ill. App. Ct. 2023).
W. & Lake Check Cashers, LLC v. Propane Pete, LLC, 2023 IL App (2d) 220291 (Ill. App. Ct. 2023). “”); see also 810 ILCS 5/3-601(b) (West 2020) (“Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the [check] without notice of the discharge.”
— 810 ILCS 5/3-601(b) — 1 case
W. & Lake Check Cashers, LLC v. Propane Pete, LLC, 2023 IL App (2d) 220291 (Ill. App. Ct. 2023). “”); see also 810 ILCS 5/3-601(b) (West 2020) (“Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the [check] without notice of the discharge.”
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