2010 Florida Statutes
Discharge by cancellation or renunciation.
Discharge by cancellation or renunciation.—
A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument:
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
Addition of words to the instrument indicating discharge; or
By agreeing not to sue or otherwise renouncing rights against the party by a signed writing.
Cancellation or striking out of an indorsement pursuant to subsection (1) does not affect the status and rights of a party derived from the indorsement.
s. 2, ch. 92-82.