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 3-302 on what constitutes a holder in due course.
5A Del. C. 1953, § 4-209; 55 Del. Laws, c. 349; 70 Del. Laws, c. 86, § 4.
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