When Bank Gives Value for Purposes of Holder In Due Course.

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  2. Oklahoma Statutes
  3. Commercial Code
  4. When Bank Gives Value for Purposes of Holder In Due Course.

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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 3-302 of this title on what constitutes a holder in due course.

Laws 1961, p. 126, § 4-211; Laws 1991, c. 117, § 115, eff. Jan. 1, 1992.


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