4-209 - When Bank Gives Value for Purposes of Holder in Due Course.

NY UCC § 4-209 (2019) (N/A)
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Course.

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