Pacific-Southwest Trust & Savings Bank v. Valley Finance Corp.

*733THE COURT.

The plaintiff has filed a petition for a rehearing. It earnestly presses the point that the rights of the plaintiff as an accommodation party are those of a holder for value notwithstanding that -it took the note after its maturity.

At an early date the point was decided against the plaintiff. (Coghlin v. May, 17 Cal. 515.) In 1917 we adopted the Uniform Negotiable Instruments Law. (Stats. 1917, p. 1531). It was adopted by incorporating it into our Civil Code and it became division 3, part 4, title XV. As so adopted it contained four chapters. Some of the chapters contained as many…