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 3-302 on what constitutes a holder in due course.

5A Del. C. 1953, §§ 4-209; 55 Del. Laws, c. 349; 70 Del. Laws, c. 86, § 4