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

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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.

HISTORY: An. Code 1957, art. 95B, § 4-209; 1975, ch. 49, § 2; 1996, ch. 91, § 2.

                    
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