When bank gives value for purposes of holder in due course.

1. Law
2. Missouri Revised Statutes
3. Trade and Commerce
4. Uniform Commercial Code
5. When bank gives value for purposes of holder in due course.

Effective - 28 Aug 1992, 2 histories

400.4-211. 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 it has a security interest in an item, if the bank otherwise complies with the requirements of Section 400.3-302 on what constitutes a holder in due course.

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(L. 1992 S.B. 448)

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