- 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.
previous: Section 210
. Security Interest of Collecting Bank in Items, Accompanying Documents, and Proceeds.
next: Section 212
. Presentment By Notice of Item Not Payable By, Through, or at a Bank; Liability of Drawer or Endorser.
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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