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" Authorizes a confession of judgment if the instrument be not paid at maturity; or 3. Waives the benefit of any law intended for the advantage or protection of the obligor; or 4. Gives the holder an election to require something to be done in lieu of payment... "
McKinney's Consolidated Laws of New York Annotated: With Annotations from ... - Side 20
av New York (State) - 1917
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The Central Law Journal, Volum 87

1918 - 498 sider
...maturity; second, authorizes a confession of judgment if the instrument be not paid at maturity; third, waives the benefit of any law intended for the advantage or protection of the obligor; fourth, gives the holder an election to require something to be done in lieu of payment of money. It...
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The Pacific Reporter, Volum 208

1922 - 1184 sider
...the negotiable character of an instrument otherwise negotiable is not affected by a provision which "gives the holder an election to require something to be done in lieu of payment of money." So long as the maker's promise to pay Is unconditional, and absolute it makes no difference that the...
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The Pacific Reporter, Volum 116

1911 - 1168 sider
...maturity ; or (2) authorizes a confession of judgment If the instrument be not paid at maturity ; or (3) waives the benefit of any law intended for the advantage or jrrotection of the obligor; or (4) gives the holder an election to require something to he done in...
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The Code of Virginia: With the Declaration of Independence and the ...

Virginia - 1899 - 724 sider
...maturity ; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity ; or Ii. Waives the benefit of any law intended for the advantage...validate any provision or stipulation otherwise illegal. §O. OMISSIONS; SEAL; PAIITICUI An MONEY. — The validity and negotiable character of an instrument...
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The Southern Reporter, Volum 76

1918 - 1036 sider
...the negotiable character of an Instrument otherwise negotiable is not affected by a provision which gives the holder an election to require something to be done In lieu of payment of money. The stipulation complained of In the case before us did not go so far as to give the holder of the...
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The Maryland Code: Public General Laws : Adopted by the General Assembly of ...

Maryland - 1898 - 700 sider
...maturity ; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity ; or 3. Waives the benefit of any law intended for the...validate any provision or stipulation otherwise illegal. 25. The validity and negotiable character of an instrument are not affected by the fact that : 1. It...
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Acts and Resolutions Adopted by the Legislature of Florida

Florida - 1897 - 426 sider
...at maturity; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity; or 3. Waives the benefit of any law intended for the...validate any provision or stipulation otherwise illegal. SEC. 6. The validity and negotiable character of an instrument are not affected by the fact that: 1....
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Laws Passed at the Session of the General Assembly of the State of Colorado

Colorado - 1897 - 394 sider
...Waives the benefit of any law intended for the advantage or protection of the obligor; or Election. 4. Gives the holder an election to require something...validate any provision or stipulation otherwise illegal. validity and ne- Sec. 6. The validit3r and negotiable character gotiabiiity not of an instrument are...
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Journal of the House of Representatives of the ... Regular Session of the ...

Iowa. General Assembly. House of Representatives - 1897 - 1164 sider
...at maturity; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity; or 3. Waives the benefit of any law intended for the...holder an election to require something to be done in lien of payment of money. But nothing in this sectien shall validate any provision or stipulation otherwise...
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Laws of the State of New York, Volum 2

New York (State) - 1897 - 996 sider
...at maturity; or 2. Authorizes a confession of judgment if the instrument be not paid at maturity; or 3. Waives the benefit of any law intended for the advantage or protection of the obligor; or -1. Gives the holder an election to require something to be done in lieu of payment of money. But nothing...
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