26-2-3-3. Availability of Defense or Set-Off Against Assignee
Sec. 3. Whatever defense or setoff the maker of any such instrument had, before notice of assignment, against an assignor, or against the original payee, he shall have also against their assignees. Formerly: Acts 1861, c.75, s.3.
26-2-3-4. Assignee’s Right of Action Against Endorsers; Defenses
Sec. 4. Any such assignee, having used due diligence in the premises, shall have his action against his immediate or any remote endorser, and in suit against a remote endorser, he shall have any defense which he might have had in a suit brought by his immediate assignee. Formerly: Acts 1861, c.75, s.4.