§ 75-4-407. Payor bank’s right to subrogation on improper payment

MS Code § 75-4-407 (2019) (N/A)
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(1) Of any holder in due course on the item against the drawer or maker;

(2) Of the payee or any other holder of the item against the drawer or maker either on the item or under the transaction out of which the item arose; and

(3) Of the drawer or maker against the payee or any other holder of the item with respect to the transaction out of which the item arose.