Wisconsin Statutes 404.211 – When bank gives value for purposes of holder in due course
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Terms Used In Wisconsin Statutes 404.211
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Wisconsin Statutes 404.104
For purposes of determining its status as a holder in due course, a bank has given value to the extent that it has a security interest in an item, if the bank otherwise complies with s. 403.302 on what constitutes a holder in due course.