Statutes, codes, and regulations
Minnesota Statutes
TRADE REGULATIONS, CONSUMER PROTECTIONChapter 336 - UNIFORM COMMERCIAL CODEArticle 4 - BANK DEPOSITS AND COLLECTIONS
Part 2 - COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
Section 336.4-211 - WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE

Minn. Stat. § 336.4-211

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Current through 2024, c. 127
Section 336.4-211 - 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 336.3-302 on what constitutes a holder in due course.

Minn. Stat. § 336.4-211

1965 c 811 s 336.4-209; 1992 c 565 s 93