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

  1. Law
  2. Rhode Island General Laws
  3. Uniform Commercial Code
  4. Bank Deposits And Collections
  5. When bank gives value for purposes of holder in due course.

Checkout our iOS App for a better way to browser and research.

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 § 6A-3-302 on what constitutes a holder in due course.

History of Section.
P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.


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