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§ 47-4211 When bank gives value for purposes of holder in due course

AZ Rev Stat § 47-4211 (2019) (N/A)
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47-4211. When bank gives value for purposes of holder in due course

For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security interest in an item, if the bank otherwise complies with the requirements of section 47-3302 on what constitutes a holder in due course.

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§ 47-4210 Security interest of collecting bank in items, accompanying documents and proceeds
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§ 47-4212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser