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§ 25-4-209 - When bank gives value for purposes of holder in due course.

NC Gen Stat § 25-4-209 (2019) (N/A)
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25-4-209. 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 G.S. 25-3-302 on what constitutes a holder in due course.

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§ 25-4-208 - Security interest of collecting bank in items, accompanying documents and proceeds.
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§ 25-4-210 - Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser.