| When Bank Gives Value for Purposes of Holder in Due Course - Ucc 4-211.

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  5. | When Bank Gives Value for Purposes of Holder in Due Course - Ucc 4-211.

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Effective: August 19, 1994

Latest Legislation: Senate Bill 147 - 120th General Assembly

For the 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 1303.32 of the Revised Code on what constitutes a holder in due course.


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