Statutes, codes, and regulations
New Mexico Statutes 1978
Chapter 55 - UNIFORM COMMERCIAL CODEArticle 4 - BANK DEPOSITS AND COLLECTIONS
Part 2 - COLLECTION OF ITEMS - DEPOSITARY AND COLLECTING BANKS
Section 55-4-211 - When bank gives value for purposes of holder in due course

N.M. Stat. § 55-4-211

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Current through 2024, ch. 69
Section 55-4-211 - 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 55-3-302 NMSA 1978 on what constitutes a holder in due course.

NMS § 55-4-211

1953 Comp., § 50A-4-209, enacted by Laws 1961, ch. 96, § 4-209; 1978 Comp., § 55-4-209, recompiled as 1978 Comp., § 55-4-211 by Laws 1992, ch. 114, § 177.