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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. "
American Law and Procedure - Page 108
edited by - 1910
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Reports of Civil and Criminal Cases Decided by the ..., Volume 35; Volume 142

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - Law reports, digests, etc - 1911 - 952 pages
...instrument is payable on demand or at a future time." And section 27 of said act further provides that: "Where the holder has a lien on the instrument, arising...deemed a holder for value to the extent of his lien." The agreement not to sue; but to extend the time for the payment of the debt then due, to-wit, $2,759.43,...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 155

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 - Law reports, digests, etc - 1909 - 812 pages
...deemed such whether the instrument is payable on demand or at a future time." Section 29 provides : "Where the holder has a lien on the instrument, arising...deemed a holder for value to the extent of his lien." We are of the opinion that it was the intention of the legislature to change the rule theretofore prevailing...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 205

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 - Law reports, digests, etc - 1920 - 808 pages
...defendants' note to the extent of its lien. Section 6068, 2 Comp. Laws 1915. This section provides that: "Where the holder has a lien on the instrument, arising...deemed a holder for value to the extent of his lien." See, also, Graham v. Smith, 155 Mich. 65. We think it would follow that after the indebtedness was...
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Report of the ... Annual Meeting of the American Bar ..., Volume 10, Part 1887

American Bar Association - Law - 1887 - 460 pages
...to the bill who became parties prior to such time. (3) Where the holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. SEC. 28. (1) That au accommodation...
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Journal of the Institute of Bankers, Volume 41

Institute of Bankers (Great Britain) - Banks and banking - 1920 - 404 pages
...collection (Sec. 27, ss 3, Bills of Exchange Act, 1882). Where a holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. Set-off. The word lien is...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 179-180

Law reports, digests, etc - 1910 - 2132 pages
...deemed such whether the instrument is payable on demand or at a future time." Section 27 provides: "Where the holder has a lien on the Instrument, arising...deemed a holder for value to the extent of his lien." Section 29 declares: "An accommodation party is one who has signed the instrument as maker, drawer,...
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Statutes at Large ...

Great Britain - 1882 - 574 pages
...to the bill who became parties prior to such time. (3.) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. 28. (1.) An accommodation...
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The Negotiable Instruments Act (Act XXVI of 1881): Being an Act to Define ...

India, Patrick Dunlop Shaw - Negotiable instruments - 1882 - 362 pages
...to the bill who became parties prior to such time. (3.) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. 28. (1.) An accommodation...
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The Bills of Exchange Act, 1882 (45 & 46 Vict., C. 61): An Act to Codify the ...

Sir Mackenzie Dalzell Edwin Stewart Chalmers - Bills of exchange - 1882 - 126 pages
...not sue his awn principal — see too sect. 29 (3). (3.) Where the holder of a bill has a lien on it arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien. Apart from special agreement,...
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Commentary on the Bills of Exchange Act, 1882 (45 & 46 Victoria, Cap. 61)

W. D. Thorburn - Bills of exchange - 1882 - 318 pages
...who became parties prior to such time (/). §27. (3.) Where the holder of a bill has a lien on it, arising either from contract or by implication of law, he is deemed to be a holder for value to the extent of the sum for which he has a lien (g). (a.) This section does...
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