Section 45.04.211. When bank gives value for purposes of holder in due course.

Latest version.

To determine 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 AS 45.03.302 on what constitutes a holder in due course.

Authorities

45.05.102

Notes

References

AS 45.05.102 Definitions.

History

(Sec. 4.211 ch 114 SLA 1962; am Sec. 104 ch 35 SLA 1993)

                    
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