When bank gives value for purposes of holder in due course

4-4-211. When bank gives value for purposes of holder in due course. 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 4-3-302 on what constitutes a holder in due course. Source: L. 94: Entire article amended with relocations, p. 892, � 2, effective January 1, 1995. Editor's note: This section is similar to former � 4-4-209 as it existed prior to 1994, and the former � 4-4-211 was relocated to � 4-4-213.