6 Del. C. § 4-211

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

Last amended: 1995Year: 2026Length: 47 wordsOfficial source
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 on what constitutes a holder in due course.
6 Del. C. § 4-211: When bank gives value for purposes of holder in due course. | Justis AI