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Code · Wisconsin · Chapter 403 — Uniform commercial code — negotiable instruments

403.302 Holder in due course.

72 words·~1 min read·/wi/chapter-403/403-302

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403.302 Holder in due course.
(1)Subject to sub.
(3)and s. 403.106
(4), “holder in due course” means the holder of an instrument if all of the following apply:
(a)The instrument when issued or negotiated to the holder does not bear such apparent evidence of forgery or alteration or is not otherwise so irregular or incomplete as to call into question its authenticity.
(b)The holder took the instrument:
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