Sec. 45.04.211. When bank gives value for purposes of holder in due course.
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Sec. 45.04.211. When bank gives value for purposes of holder in due course.
To determine 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 AS 45.03.302 on what constitutes a holder in due course.