Statutes, codes, and regulations
Indiana Code
Title 26 - COMMERCIAL LAWArticle 1 - UNIFORM COMMERCIAL CODE
Chapter 4 - BANK DEPOSITS AND COLLECTIONS
Section 26-1-4-211 - When bank gives value for purposes of holder in due course

Ind. Code § 26-1-4-211

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Current through P.L. 171-2024
Section 26-1-4-211 - 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 IC 26-1-3.1-302 on what constitutes a holder in due course.

IC 26-1-4-211

(Formerly: Acts 1963, c.317, s.4-211.) As amended by P.L. 222-1993, SEC.27.