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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>83993</law_id><section_number>8.3A-604</section_number><catch_line>Discharge by cancellation or renunciation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.3A-605</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.3A">Commercial Code &#x2014; Negotiable Instruments</unit><unit label="part" level="2" order_by="1" identifier="6">Discharge and Payment</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a <span class="dictionary">party</span> to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the <span class="dictionary">party</span>, destruction, mutilation, or cancellation of the instrument, cancellation or striking out of the <span class="dictionary">party</span>&#x2019;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 <span class="dictionary">party</span> by a signed record. The obligation of a <span class="dictionary">party</span> 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. <a id="paragraph-301023" class="section-permalink" href="https://vacode.org/8.3A-604/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Cancellation or striking out of an endorsement pursuant to subsection (a) does not affect the status and rights of a <span class="dictionary">party</span> derived from the endorsement. <a id="paragraph-301024" class="section-permalink" href="https://vacode.org/8.3A-604/#b"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7;&#xA7; 6-400, 6-472, 6-475, 6-476; 1964, c. 219, &#xA7; 8.3-605; 1992, c. 693; 2024, c. 652.</history><metadata></metadata></law>
