New York Statutes
§ 3-302 — Holder in Due Course
New York § 3-302
This text of New York § 3-302 (Holder in Due Course) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Uniform Commercial Code § 3-302 (2026).
Text
Section 3--302. Holder in Due Course.\n (1) A holder in due course is a holder who takes the instrument\n (a) for value; and\n (b) in good faith; and\n (c) without notice that it is overdue or has been dishonored or\n of any defense against or claim to it on the part of any\n person.\n (2) A payee may be a holder in due course.\n (3) A holder does not become a holder in due course of an instrument:\n (a) by purchase of it at judicial sale or by taking it under\n legal process; or\n (b) by acquiring it in taking over an estate; or\n (c) by purchasing it as part of a bulk transaction not in regular\n course of business of the transferor.\n (4) A purchaser of a limited interest can be a holder in due course\nonly
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Related
First Commercial Bank v. Gotham Originals, Inc.
475 N.E.2d 1255 (New York Court of Appeals, 1985)
Barclay Knitwear Co. v. King'swear Enterprises Ltd.
141 A.D.2d 241 (Appellate Division of the Supreme Court of New York, 1988)
Bankers Trust Co. of Western New York v. Crawford
559 F. Supp. 1359 (W.D. New York, 1983)
Westbury Small Business Corp. v. Ballarine
128 Misc. 2d 469 (New York Supreme Court, 1985)
Stone v. Blizzard
137 Misc. 2d 92 (New York Supreme Court, 1987)
American Investment Bank, N. A. v. Hutchings
239 A.D.2d 207 (Appellate Division of the Supreme Court of New York, 1997)
Gerchberg v. Gerchberg
63 A.D.2d 906 (Appellate Division of the Supreme Court of New York, 1978)
Heilbronn v. Fine Line, Inc.
165 A.D.2d 866 (Appellate Division of the Supreme Court of New York, 1990)
Nearby Sections
15
§ 3-101
Short Title§ 3-106
Sum Certain§ 3-107
Money§ 3-108
Payable on Demand§ 3-109
Definite Time§ 3-110
Payable to Order§ 3-111
Payable to Bearer§ 3-113
Seal§ 3-114
Date, Antedating, Postdating§ 3-115
Incomplete InstrumentsCite This Page — Counsel Stack
Bluebook (online)
New York § 3-302, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/UCC/3-302.