Cal. Health and Safety Code § 53060
Cal. Health and Safety Code § 53060
California · California Health and Safety Code · Status: effective
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- Citation
- Cal. Health and Safety Code § 53060, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/870171
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Full text
“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.