GroundRules
R.I. Gen. Laws § 6A-4-211: When bank gives value for purposes of holder in due course.
Where this section sits in the code
- Title 6A Uniform Commercial Code
- Chapter 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 § 6A-3-302 on what constitutes a holder in due course.
Collected 2026-09-05T18:07:34Z. Source file · JSON