§ 25-4-209. When bank gives value for purposes of holder in due course. - North Carolina Statutes

§25‑4‑209.  When bank gives value for purposes of holder in duecourse.

For purposes of determiningits status as a holder in due course, a bank has given value to the extent ithas a security interest in an item, if the bank otherwise complies with the requirementsof G.S. 25‑3‑302 on what constitutes a holder in due course. (1899,c. 733, s. 27; Rev., s. 2175; C.S., s. 3007; 1965, c. 700, s. 1; 1995, c. 232,s. 2.)