12A:4-211 - When bank gives value for purposes of holder in due course - New Jersey Statutes

12A: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 12A:3-302 on what constitutes a holder in due course. 

L.1995,c.28,s.2.