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 Section 3-302 of this title on what constitutes a holder in due course.
Laws 1961, p. 126, § 4-211; Laws 1991, c. 117, § 115, eff. Jan. 1, 1992.
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