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Section 12A:4-211 - When bank gives value for purposes of holder in due course

NJ Rev Stat § 12A:4-211 (2019) (N/A)
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12A:4-211. 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 12A:3-302 on what constitutes a holder in due course.

L.1995,c.28,s.2.

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Section 12A:4-210 - Security interest of collecting bank in items, accompanying documents and proceeds.
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Section 12A:4-212 - Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser