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Shumblag
Shumblag
"Holder" means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof entitled to
receive the sum for which it calls.
3 Classes of Holders:
1. Holders simply (Sec. 51);
2. Holders for value (Sec. 26); and
3. Holders in due course. (Secs. 52,57)
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