Md. Code, Com. § 4-211

Current with changes from the 2024 Legislative Session

Section 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 that it has a security interest in an item, if the bank otherwise complies with the requirements of § 3-302 on what constitutes a holder in due course.

Md. Code, CL § 4-211