CLOSE-CONNECTEDNESS DOCTRINE

close-connectedness doctrine.A doctrine used by some courts to deny an assignee of a negotiable note hold-er-in-due-course status if the assignee is too closely connected to the original holder-mortgagee. — Also termed close-connection doctrine. [Cases: Bills and Notes  341. C.J.S. Bills and Notes; Letters of Credit §§ 177, 191.] [Blacks Law 8th]