Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2006 Statutes New, Amended or Repealed
- 2006 Table of Chapters
- 2006 Statutes Topics (Index)
Chapter 336
Section 336.3-604
Topics
Recent History
- 2003 336.3-604 Amended 2003 c 81 art 1 s 12
This is an historical version of this statute chapter. Also view the most recent published version.
336.3-604 MS 1990 [Repealed, 1992 c 565 s 114]
336.3-604 DISCHARGE BY CANCELLATION OR RENUNCIATION.
(a) A person entitled to enforce an instrument, with or without consideration, may discharge
the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as
surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument,
cancellation or striking out of the party's signature, or the addition of words to the instrument
indicating discharge, or (ii) by agreeing not to sue or otherwise renouncing rights against the party
by a signed record.
(b) Cancellation or striking out of an endorsement pursuant to subsection (a) does not affect
the status and rights of a party derived from the endorsement.
(c) In this section, "signed," with respect to a record that is not a writing, includes the
attachment to or logical association with the record of an electronic symbol, sound, or process
with the present intent to adopt or accept the record.
History: 1992 c 565 s 69; 2003 c 81 art 1 s 12
336.3-604 DISCHARGE BY CANCELLATION OR RENUNCIATION.
(a) A person entitled to enforce an instrument, with or without consideration, may discharge
the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as
surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument,
cancellation or striking out of the party's signature, or the addition of words to the instrument
indicating discharge, or (ii) by agreeing not to sue or otherwise renouncing rights against the party
by a signed record.
(b) Cancellation or striking out of an endorsement pursuant to subsection (a) does not affect
the status and rights of a party derived from the endorsement.
(c) In this section, "signed," with respect to a record that is not a writing, includes the
attachment to or logical association with the record of an electronic symbol, sound, or process
with the present intent to adopt or accept the record.
History: 1992 c 565 s 69; 2003 c 81 art 1 s 12
Official Publication of the State of Minnesota
Revisor of Statutes