Arizona Revised Statutes § 47-4211 When Bank Gives Value For Purposes Of Holder In Due Course

47-4211. 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 47-3302 on what constitutes a holder in due course.

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Last modified: October 13, 2016