For the 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 1303.32 of the Revised Code on what constitutes a holder in due course.
Effective Date: 08-19-1994
Section: Previous 1304.14 1304.15 1304.16 1304.17 1304.18 1304.19 1304.20 1304.21 1304.22 1304.23 1304.24 1304.25 1304.26 1304.27 1304.28 NextLast modified: October 10, 2016