Mass. Gen. Laws ch. 106 § 4-211

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 106:4-211 - 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 3-302 on what constitutes a holder in due course.

Mass. Gen. Laws ch. 106, § 4-211