Oregon Statutes 74.2110 – Bank as holder in due course
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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 ORS § 73.0302 on what constitutes a holder in due course. [1961 c.726 § 74.2110; 1993 c.545 § 94]
Terms Used In Oregon Statutes 74.2110
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Oregon Statutes 74.1040