Code of Virginia - Title 8.4 Commercial Code - Bank Deposits And Collections - Section 8.4-209 When bank gives value for purposes of holder in due course

§ 8.4-209. 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 § 8.3A-302 on what constitutes a holder in due course.

(Code 1950, §§ 6-378, 6-379; 1964, c. 219; 1992, c. 693.)

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Last modified: April 3, 2009