N.J.S.A. 12A:4-211

When bank gives value for purposes of holder in due course

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.

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This is the verbatim text of N.J.S.A. 12A:4-211, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 12A:4-211 — When bank gives value for purposes of holder in due course | Kyzer