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2016 Maryland Code
Commercial Law
Title 4 - Bank Deposits and Collections
Subtitle 2 - Collection of Items: Depositary and Collecting Banks
§ 4-211. When bank gives value for purposes of holder in due course

MD Comm L Code § 4-211 (2016) What's This?

For purposes of determining its status as a holder in due course, a bank has given value to the extent that it has a security interest in an item, if the bank otherwise complies with the requirements of ยง 3-302 on what constitutes a holder in due course.

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