La. Stat. tit. 10 § 4-211

Current with changes from the 2024 Legislative Session

Section 10:4-211 - 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 R.S. 10:3-302 on what constitutes a holder in due course.

La. R.S. § 10:4-211

Acts 1992, No. 1133, §4, eff. 7/1/1993; Acts 1993, No. 948, §10, eff. 1/1/1994.