Ala. Code § 7-4-211

Current with legislation from 2024 effective through May 17, 2024.

Section 7-4-211 - When bank gives value for purposes of holder in due course

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 7-3-302 on what constitutes a holder in due course.

Ala. Code § 7-4-211 (1975)

Acts 1995, No. 95-668, p. 1381, §2.