Wisconsin § 403.302 - Holder in due course.
Full text of Wisconsin Wisconsin Statutes § 403.302 — Holder in due course., with citation guidance and answers to common questions.
§ 403.302. Holder in due course.
403.302(1) (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: 403.302(1)(a) (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. 403.302(1)(b) (b) The holder took the instrument: 403.302(1)(b)1. 1. For value; 403.302(1)(b)2. 2. In good faith; 403.302(1)(b)3. 3. Without notice that the instrument is overdue or has been dishonored or that there is an uncured default with respect to payment of another instrument issued as part of the same series; 403.302(1)(b)4. 4. Without notice that the instrument contains an unauthorized signature or has been altered; 403.302(1)(b)5. 5. Without notice of any claim to the instrument described in s.
Frequently Asked Questions About Wisconsin § 403.302
What does Wisconsin Statutes § 403.302 cover?
Section 403.302 ("Holder in due course.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 403.302?
A common citation format is "Wisconsin Statutes § 403.302" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 403.302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.