 | Alabama. Supreme Court - 1848 - 918 pages
...for his customers, and has in his possession negotiable securities belonging to them for collection, is deemed to be a holder for value, to the extent of such advances and acceptances. In every such case, he is deemed to have a lien on such securities for... | |
 | Joseph Story - 1847 - 704 pages
...is further contended, that by the law of New York, as thus ties, belonging to them, for collection, is deemed to be a Holder for value, to the extent of such advances and expounded by its Courts, a preexisting debt does not constitute, in the sense of... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1909 - 812 pages
...demand or at a future time." Section 29 provides : "Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien." We are of the opinion that it was the intention of the... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1920 - 808 pages
...6068, 2 Comp. Laws 1915. This section provides that: "Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien." See, also, Graham v. Smith, 155 Mich. 65. We think it... | |
 | Joseph Story - 1856 - 758 pages
...considerable diversity of opinion among the members of the securities, belonging to them, for collection, is deemed to be a holder for value, to the extent of such advances and acceptCourt upon that occasion, several of them holding that the decree ought to... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1878 - 366 pages
...holder who has a lien on a bill, arising lien. _ .... either from agreement or by implication of law, is deemed to be a holder for value to the extent of the sum for which he has a lien. Explanation. — A bill is pnmd facie presumed to have been negotiated to the holder for value, and... | |
 | American Bar Association - 1887 - 460 pages
...value as regards the acceptor and all parties to the bill who became parties prior to such time. (3) Where the holder of a bill has a lien on it, arising...to the extent of the sum for which he has a lien. SEC. 28. (1) That au accommodation party to a bill is a person who has signed a bill as drawer, acceptor,... | |
 | Institute of Bankers (Great Britain) - 1920 - 406 pages
...notes which come into his hands for collection (Sec. 27, ss 3, Bills of Exchange Act, 1882). Where a holder of a bill has a lien on it, arising either...to the extent of the sum for which he has a lien. Set-off. The word lien is often used in connection with money and money balances, but lien in this... | |
 | 1910 - 2132 pages
...on demand or at a future time." Section 27 provides: "Where the holder has a lien on the Instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien." Section 29 declares: "An accommodation party is one... | |
 | W. D. Thorburn - 1882 - 316 pages
...regards the acceptor and all parties to the bill who became parties prior to such time (/). §27. (3.) Where the holder of a bill has a lien on it, arising...value to the extent of the sum for which he has a lien (g). (a.) This section does not seem to alter the common law of Scotland, -which does not require valuable... | |
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Where the holder has a lien on the instrument, arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien. 
