When bank gives value for purposes of holder in due course

1. Law
2. New Jersey Revised Statutes
3. Commercial Transactions
4. When bank gives value for purposes of holder in due course

12A: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 12A:3-302 on what constitutes a holder in due course.

L.1995,c.28,s.2.

Download our app to see the most-to-date content.