§ 4-4-211 - When bank gives value for purposes of holder in due course. - Arkansas Statutes

4-4-211. 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 4-3-302 on what constitutes a holder in due course.