§12A-4-211. When Bank Gives Value for Purposes of Holder In Due
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/ok/title-12a-uniform-commercial-code/12a-4-211·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Course.
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.