Mich. Comp. Laws § 440.4211

Current through Public Act 57 of the 2024 Legislative Session

Section 440.4211 - Bank with security interest as 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 3302 on what constitutes a holder in due course.

MCL 440.4211

1962, Act 174, Eff. 1/1/1964 ;--Am. 1993, Act 130, Eff. 9/30/1993.