28-4-211. 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 28-3-302 on what constitutes a holder in due course.
History:
[(28-4-211) 1967, ch. 161, sec. 4-209, p. 351; am. and redesig. 1993, ch. 288, sec. 26, p. 1063.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
Part 2 - COLLECTION OF ITEMS — DEPOSITARY AND COLLECTING BANKS
Section 28-4-202 - RESPONSIBILITY FOR COLLECTION OR RETURN — WHEN ACTION TIMELY.
Section 28-4-203 - EFFECT OF INSTRUCTIONS.
Section 28-4-204 - METHODS OF SENDING AND PRESENTING — SENDING DIRECTLY TO PAYOR BANK.
Section 28-4-205 - DEPOSITARY BANK HOLDER OF UNINDORSED ITEM.
Section 28-4-206 - TRANSFER BETWEEN BANKS.
Section 28-4-207 - TRANSFER WARRANTIES.
Section 28-4-208 - PRESENTMENT WARRANTIES.
Section 28-4-209 - ENCODING AND RETENTION WARRANTIES.
Section 28-4-211 - WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE.
Section 28-4-213 - MEDIUM AND TIME OF SETTLEMENT BY BANK.
Section 28-4-214 - RIGHT OF CHARGE-BACK OR REFUND — LIABILITY OF COLLECTING BANK — RETURN OF ITEM.