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2017 Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4 - Bank Deposits And Collections
Section 6A-4-211 - When bank gives value for purposes of holder in due course.
Universal Citation: RI Gen L § 6A-4-211 (2017)
§ 6A-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 § 6A-3-302 on what constitutes a holder in due course.
History of Section.
(P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.)
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