SECTION 674.2111. When bank gives value for purposes of holder in due course.

Latest version.

1For 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 s. 39673.3021 40on what constitutes a holder in due course.

History.-s. 1, ch. 65-254; s. 29, ch. 92-82.

Note

Note.-s. 4-209, U.C.C.; supersedes s. 674.30; former s. 674.209.

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