Statutes, codes, and regulations
North Dakota Century Code
Title 41 - UNIFORM COMMERCIAL CODE
Chapter 41-04 - BANK DEPOSITS AND COLLECTIONS
Section 41-04-23 - (4-211) When bank gives value for purposes of holder in due course

N.D. Cent. Code § 41-04-23

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Current through 2023 Legislative Sessions
Section 41-04-23 - (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, provided the bank otherwise complies with the requirements of section 41-03-28.

N.D.C.C. § 41-04-23