Alaska Statutes.
Title 45. Trade and Commerce
Chapter 4. Bank Deposits and Collections
Section 211. When Bank Gives Value For Purposes of Holder in Due Course.
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AS 45.04.211. When Bank Gives Value For Purposes of Holder in Due Course.

To determine 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 AS 45.03.302 on what constitutes a holder in due course.

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