P.R. Laws tit. 19, § 861

2019-02-20 00:00:00+00

§ 861. 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 § 602 of this title on what constitutes a holder in due course.

History —Aug. 17, 1995, No. 208, § 3-211; Aug. 31, 1996, No. 176, § 3.