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 on what constitutes a holder in due course.

Source:Laws 1963, c. 544, Art. IV, § 4-211, p. 1822; Laws 1991, LB 161, § 93.

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