57A-3A-107. Holder as holder in due course after notice given and complaint or defense not asserted.
58 words·~1 min read·
/sd/title-57/chapter-57-3/57a-3a-107·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The holder of an instrument, defined as "consumer paper" by § 57A-3A-102 may be deemed a holder in due course if the assignee gives written notice to the retail buyer as provided in § 57A-3A-106 , and the assignee receives no written notification from the retail buyer of a complaint or defense as provided in § 57A-3A-106 .