Hwang Bankruptcy Case: California Commercial Code Section 1201 (21)
This code section is to be used for a blog post we are creating for the Hwang Chapter 7 bankruptcy case:
1201. (a) Unless the context otherwise requires, words or phrases
defined in this section, or in the additional definitions contained
in other divisions of this code that apply to particular divisions or
chapters thereof, have the meanings stated.
(21) “Holder,” means:
(A) the person in possession of a negotiable instrument that is
payable either to bearer or, to an identified person that is the
person in possession; or
(B) the person in possession of a document of title if the goods
are deliverable either to bearer or to the order of the person in
possession.
Comments
[...] is under California Commercial Law. Again, here is a link to the code provision the court cited to:http://www.producethenoteattorney.com/2010/05/holder-in-due-course-challenging-motion-to-lift-stay-i…. In short, the “holder” of the note is one with POSSESSION OF THE NOTE which is either [...]
May 31st, 2010 at 6:56 pm
[...] is under California Commercial Law. Again, here is a link to the code provision the court cited to: http://www.producethenoteattorney.com/2010/05/holder-in-due-course-challenging-motion-to-lift-stay-i…. In short, the “holder” of the note is one with POSSESSION OF THE NOTE which is either [...]