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March 19, 2024 Clouds | 36°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 4-211: When Bank Gives Value for Purposes of Holder in Due Course

Section 4–211. 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.