§ 4-211. When bank gives value for purposes of holder in due course

MD Comm L Code § 4-211 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

For purposes of determining its status as a holder in due course, a bank has given value to the extent that it has a security interest in an item, if the bank otherwise complies with the requirements of § 3-302 on what constitutes a holder in due course.