GroundRules
Ala. Code § 7-4-211: When Bank Gives Value for Purposes of Holder in Due Course.
Where this section sits in the code
- Title 7 Commercial Code.
- Article 4 Bank Deposits and Collections.
- Part 2 Collection of Items: Depositary and Collecting Banks.
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 7-3-302 on what constitutes a holder in due course.
Collected 2026-09-03T14:01:52Z. Source file · JSON