New York Statutes
§ 3-305 — Rights of a Holder in Due Course
Section 3--305. Rights of a Holder in Due Course.\n To the extent that a holder is a holder in due course he takes the\ninstrument free from\n (1) all claims to it on the part of any person; and\n (2) all defenses of any party to the instrument with whom the holder\nhas not dealt except\n (a) infancy, to the extent that it is a defense to a simple\n contract; and\n (b) such other incapacity, or duress, or illegality of the\n transaction, as renders the obligation of the party a\n nullity; and\n (c) such misrepresentation as has induced the party to sign the\n instrument with neither knowledge nor reasonable opportunity\n to obtain knowledge of its character or its essential terms;\n and\n (d) discharge i
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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 Instruments