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

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

57A-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 §57A-3-302 on what constitutes a holder in due course.

Source: SL 1994, ch 368, §4-211.

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