GroundRules
Utah Code § 70A-4-211: When bank gives value for purposes of holder in due course.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-4 Uniform Commercial Code - Bank Deposits and Collections
- Part 70A-4-2 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 that it has a security interest in an item if the bank otherwise complies with the requirements of Section 70A-3-302 on what constitutes a holder in due course.
Collected 2026-09-03T11:34:34Z. Source file · JSON