There is a newer version of the North Carolina General Statutes
2010 North Carolina Code
Chapter 25 Uniform Commercial Code.
Article 4 - Bank Deposits and Collections.
25-4-209. When bank gives value for purposes of holder in due course.
NC Gen Stat § 25-4-209 What's This?
25‑4‑209. 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 G.S. 25‑3‑302 on what constitutes a holder in due course. (1899, c. 733, s. 27; Rev., s. 2175; C.S., s. 3007; 1965, c. 700, s. 1; 1995, c. 232, s. 2.)
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