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2020 Alaska Statutes
Title 45. Trade and Commerce
Chapter 04. Bank Deposits and Collections
Article 2. Collection of Items: Depositary and Collecting Banks.
Sec. 45.04.211. When bank gives value for purposes of holder in due course.
Universal Citation: AK Stat § 45.04.211 (2020)
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.
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