When bank gives value for purposes of holder in due course

1. Law
2. Arizona Revised Statutes
3. Uniform Commercial Code
4. When bank gives value for purposes of holder in due course

47-4211. 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 47-3302 on what constitutes a holder in due course.

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