Marine Midland Bank-New York v. Graybar Electric Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “the statute is arbitrary and deprives bondholders of a contractual right without due process of law” (emphasis added)
• holding that a bank did not have a security interest, and thus did not give value for the purposes of being a holder in due course, by the mere extension of provisional credit
• “the giving of a provisional credit is not a parting with value under the Uniform Commercial Code”
• holder in due course is free of all claims
• provisional credit is not value under the U.C.C.

Source: CourtListener parenthetical corpus (CC0).