2011 Vermont Code
Title 09A Uniform Commercial Code
Article 4 Bank Deposits and Collections
§ 211 When bank gives value for purposes of holder in due course
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TITLE 9A
Uniform Commercial Code
ARTICLE IV. Bank Deposits and Collections
PART 2
COLLECTION OF ITEMS: DEPOSITORY AND COLLECTING BANKS
§ 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 section 3-302 on what constitutes a holder in due course. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)
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