Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 3-605 — Cancellation and Renunciation

N.Y. U.C.C. Law § 3-605

Type
Statute
Source
New York Uniform Commercial Code
Jurisdiction
New York
Current through
Nov 4, 2026 (NY Senate Open Legislation)

Section 3--605. Cancellation and Renunciation.

Citator

N.Y. U.C.C. Law § 3-605 — Cancellation and Renunciation is in force in the current edition of the Code, and nothing recorded condemns it.

Section 3--605. Cancellation and Renunciation.

(1) The holder of an instrument may even without consideration discharge any party

(a) in any manner apparent on the face of the instrument or the

indorsement, as by intentionally cancelling the instrument or

the party's signature by destruction or mutilation, or by

striking out the party's signature; or

(b) by renouncing his rights by a writing signed and delivered or

by surrender of the instrument to the party to be discharged.

(2) Neither cancellation nor renunciation without surrender of the instrument affects the title thereto.

(3) The obligation of a party to pay a check is not discharged solely by destruction of the check in connection with a process in which information is extracted from the check and an image of the check is made and, subsequently, the information and image are transmitted for payment.