3-307 - Burden of Establishing Signatures, Defenses and Due Course. - New-york Statutes

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Section 3--307. Burden  of  Establishing  Signatures,  Defenses  and Due                    Course.    (1) Unless specifically denied in the pleadings each signature  on  an  instrument  is admitted. When the effectiveness of a signature is put in  issue         (a) the burden of establishing it is on the party claiming  under             the signature; but         (b) the  signature is presumed to be genuine or authorized except             where the action is to enforce the obligation of a  purported             signer  who  has  died  or become incompetent before proof is             required.    (2) When signatures are admitted or  established,  production  of  the  instrument  entitles  a  holder  to  recover  on it unless the defendant  establishes a defense.    (3) After it is shown that a defense  exists  a  person  claiming  the  rights  of a holder in due course has the burden of establishing that he  or some person under whom he claims is in all respects a holder  in  due  course.

State Codes and Statutes

Statutes > New-york > Ucc > Article-3 > Part-3 > 3-307

Section 3--307. Burden  of  Establishing  Signatures,  Defenses  and Due                    Course.    (1) Unless specifically denied in the pleadings each signature  on  an  instrument  is admitted. When the effectiveness of a signature is put in  issue         (a) the burden of establishing it is on the party claiming  under             the signature; but         (b) the  signature is presumed to be genuine or authorized except             where the action is to enforce the obligation of a  purported             signer  who  has  died  or become incompetent before proof is             required.    (2) When signatures are admitted or  established,  production  of  the  instrument  entitles  a  holder  to  recover  on it unless the defendant  establishes a defense.    (3) After it is shown that a defense  exists  a  person  claiming  the  rights  of a holder in due course has the burden of establishing that he  or some person under whom he claims is in all respects a holder  in  due  course.

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State Codes and Statutes

Statutes > New-york > Ucc > Article-3 > Part-3 > 3-307

Section 3--307. Burden  of  Establishing  Signatures,  Defenses  and Due                    Course.    (1) Unless specifically denied in the pleadings each signature  on  an  instrument  is admitted. When the effectiveness of a signature is put in  issue         (a) the burden of establishing it is on the party claiming  under             the signature; but         (b) the  signature is presumed to be genuine or authorized except             where the action is to enforce the obligation of a  purported             signer  who  has  died  or become incompetent before proof is             required.    (2) When signatures are admitted or  established,  production  of  the  instrument  entitles  a  holder  to  recover  on it unless the defendant  establishes a defense.    (3) After it is shown that a defense  exists  a  person  claiming  the  rights  of a holder in due course has the burden of establishing that he  or some person under whom he claims is in all respects a holder  in  due  course.