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2012 Vermont Statutes
Title 09A Uniform Commercial Code
Article 4 BANK DEPOSITS AND COLLECTIONS
§ 211 When bank gives value for purposes of holder in due course


9A V.S.A. § 4-211. What's This?

§ 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 of this title on what constitutes a holder in due course. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)

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