{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-3-303","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 3-303","heading":"Taking for Value","body":"Section 3--303. Taking for Value.\n  A holder takes the instrument for value\n  (a) to the extent that the agreed consideration has been performed or\nthat he acquires a security interest in or a lien on the instrument\notherwise than by legal process; or\n  (b) when he takes the instrument in payment of or as security for an\nantecedent claim against any person whether or not the claim is due; or\n  (c) when he gives a negotiable instrument for it or makes an\nirrevocable commitment to a third person.","path":["Uniform Commercial Code Law","Article 3. Commercial Paper","Part 3. Rights of a Holder"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/3-303","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"afbb621f56980d90e3308c62d29f1cc75478cdd12188247ce551f6d0867463b5","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-3-302","next":"us-ny/n.y.-uniform-commercial-code-law-3-304"},"notice":"GroundRules: Original legal text. Not legal advice."}