{"data":{"id":"us-gu/13-gca-3302","jurisdiction":"us-gu","citation":"13 GCA § 3302","heading":"Holder in Due Course.","body":"(1) A holder in due course is a holder who takes the instrument\n(a) For value; and\n(b) In good faith; and\n(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.\n(2) A payee may be a holder in due course.\n(3) A holder does not become a holder in due course of an instrument:\n(a) By purchase of it at judicial sale or by taking it under legal process; or\n(b) By acquiring it in taking over an estate; or\n(c) By purchasing it as part of a bulk transaction not in regular course of business of the transferor.\n(4) A purchaser of a limited interest can be a holder in due course only to the extent of the interest purchased.","path":["Title 13: Uniform Commercial Code","Division 3: Commercial Paper","CHAPTER 3: RIGHTS OF HOLDER"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv003.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:27:58Z","sha256":"df268f33a5a3cb55b7954dbf8ddb46b1c8cd008cc68986b67d31fa913a449bfc","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-3301","next":"us-gu/13-gca-3303"},"notice":"GroundRules: Original legal text. Not legal advice."}