When Bank Gives Value for Purposes of Holder in Due Course

  1. Law
  2. Tennessee Code
  3. Commercial Instruments and Transactions
  4. Bank Deposits and Collections
  5. Collection of Items — Depositary and Collecting Banks
  6. When Bank Gives Value for Purposes of Holder in Due Course

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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 §47-3-302 on what constitutes a holder in due course.


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