California Health and Safety Code 53060 – “Holder-in-due course,” means the purchaser of a loan or loans from a …
Current as of: 2024 | Check for updates
|
Other versions
“Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the provisions of this part, and who takes the loan instrument:
(a) For value;
Terms Used In California Health and Safety Code 53060
- Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19
(b) In good faith; and
(c) Without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.
(Added by Stats. 1981, Ch. 1033.)