N.J. Stat. § 12A:4-211

Current through L. 2024, c. 40.

Section 12A: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 12A:3-302 on what constitutes a holder in due course.

N.J.S. § 12A:4-211

L.1995, c.28, s.2.