§ 53060
69 words·~1 min read·
/ca/health-and-safety-code/53060A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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;
(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.