§ 6A-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 § 6A-3-302 on what constitutes a holder in due course.
History of Section.P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4 - Bank Deposits and Collections
Part 2 - Collection of Items: Depositary and Collecting Banks
Section 6A-4-202. - Responsibility for collection or return — When action timely.
Section 6A-4-203. - Effect of instructions.
Section 6A-4-204. - Methods of sending and presenting — Sending directly to payor bank.
Section 6A-4-205. - Depositary bank holder of unindorsed item.
Section 6A-4-206. - Transfer between banks.
Section 6A-4-207. - Transfer warranties.
Section 6A-4-208. - Presentment warranties.
Section 6A-4-209. - Encoding and retention warranties.
Section 6A-4-211. - When bank gives value for purposes of holder in due course.
Section 6A-4-213. - Medium and time of settlement by bank.
Section 6A-4-214. - Right of charge-back or refund — Liability of collecting bank — Return of item.