To determine 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 AS 45.03.302 on what constitutes a holder in due course.
Structure Alaska Statutes
Chapter 04. Bank Deposits and Collections
Article 2. Collection of Items: Depositary and Collecting Banks.
Sec. 45.04.202. Responsibility for collection or return; when action timely.
Sec. 45.04.203. Effect of instructions.
Sec. 45.04.204. Methods of sending and presenting; sending directly to payor bank.
Sec. 45.04.205. Depositary bank holder of unendorsed item.
Sec. 45.04.206. Transfer between banks.
Sec. 45.04.207. Transfer warranties.
Sec. 45.04.208. Presentment warranties.
Sec. 45.04.209. Encoding and retention warranties.
Sec. 45.04.210. Security interest of collecting bank in items, accompanying documents, and proceeds.
Sec. 45.04.211. When bank gives value for purposes of holder in due course.
Sec. 45.04.213. Medium and time of settlement by bank.
Sec. 45.04.214. Right of charge back or refund; liability of collecting bank; return of item.