SECTION 8.4-209. 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 § 8.3A-302 on what constitutes a holder in due course.

Code 1950, §§ 6-378, 6-379; 1964, c. 219; 1992, c. 693.