70A-4-211. When bank gives value for purposes of holder in due course.
70 words·~1 min read·
/ut/title-70a/chapter-4/70a-4-211A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
70A-4-211. 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 that it has a security interest in an item if the bank otherwise complies with the requirements of Section 70A-3-302 on what constitutes a holder in due course.
Repealed and Re-enacted by Chapter 237 , 1993 General Session