Arizona Laws 47-4211. When bank gives value for purposes of holder in due course
Current as of: 2023 | Check for updates
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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 section 47-3302 on what constitutes a holder in due course.
Terms Used In Arizona Laws 47-4211
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Arizona Laws 47-4104