When bank gives value for purposes of holder in due course

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

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§ 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 section 3-302 of this title on what constitutes a holder in due course. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)


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