§ 4-211

Okla. Stat. tit. 12A, § 4-211

When Bank Gives Value for Purposes of Holder In Due Course

Effective Jan 1, 1992Laws 1961, SB 36, p. 126, § 4-211 ; Amended by Laws 1991, SB 25, c. 117, § 115, eff. January 1, 1992.

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 12A-3-302 of this title on what constitutes a holder in due course.

Oklahoma Code Comment

None.

Laws 1961, SB 36, p. 126, §