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Article 520-16Limitation on Defense of Obligor in Case of Assignment of Registered Negotiable Instrument Payable to Holder

第五百二十条の十六(記名式所持人払証券の譲渡における債務者の抗弁の制限)

The obligor of a registered negotiable instrument payable to holder may not duly assert against an assignee in good faith any grounds which could have been duly asserted against the obligee before the assignment of the instrument, except for the particulars written on the instrument or any result which necessarily arises from the nature of the instrument.

記名式所持人払証券の債務者は、その証券に記載した事項及びその証券の性質から当然に生ずる結果を除き、その証券の譲渡前の債権者に対抗することができた事由をもって善意の譲受人に対抗することができない。

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